National Bank of Ethiopia Stories

Ethiopia Central bank rolls out bi-weekly forex auctions as reserves surge
Addis Standard  |  Apr 01, 2025

The decision to hold bi-weekly auctions followed discussions between NBE regulators and commercial bank executives on 31 March 2025 regarding foreign...

Kenya embraces e-mobility as global electric vehicle sales surge
Alfred Onyango  |  Apr 02, 2025

Kenya is following the global trend with a sharp increase in electric vehicle and motorcycle adoption.

Kenyan police officers in Haiti suffer more casualties in clashes with gangs
Reuters  |  Apr 01, 2025

MSS spokesperson Jack Ombaka confirmed that two officers had been evacuated to the Dominican Republic for medical care.

Increased awareness of fertiliser subsidy programme fuelling demand, CS Kagwe says
Margaret Wanjiru  |  Mar 31, 2025

Many farmers are doubling their fertiliser uptake, anticipating a bumper harvest that could boost food security and reduce the country’s dependence on...

Slowdown hits construction sector as fewer buildings being approved in Nairobi
Lucy Mumbi  |  Mar 31, 2025

Industry analysts suggest that the decline in new building projects is primarily driven by expectations of reduced demand in the coming months.

Sh50.5 billion in limbo as Senate, National Assembly fail to agree on county funds
Lucy Mumbi  |  Mar 31, 2025

With the financial year fast approaching its end, county governments remain in limbo, uncertain whether they will receive the much-needed funds to sup...

Junior Starlets to play Morocco U17 in two friendlies before World Cup qualifier
Erick Kariuki  |  Mar 30, 2025

Junior Starlets advanced to this stage following an impressive performance in the second round, where they overcame Uganda in a hard-fought encounter.

AFC Leopards host Gor Mahia in the 96th league Mashemeji Derby
Michael Kirwa  |  Mar 30, 2025

Gor Mahia are currently third in the league with 42 points, trailing Kenya Police (45 points) and leaders (45 points). AFC Leopards sit fifth with 36...

Butere Girls’ play 'Echoes of War' pulled from Western regional drama festival
Eastleigh Voice Reporter  |  Mar 29, 2025

The school’s drama club has been instructed to disband, with its members expected to leave by Monday.

Ruto appoints former Lunga Lunga MP Khatib Mwashetani to lead NTSA board
Maureen Kinyanjui  |  Mar 29, 2025

Through the same Gazette Notice, Ruto revoked the appointment of Timothy Bosire, who had previously been assigned the role.

MPs push to scrap one-third salary rule amid rising tax burden
Maureen Kinyanjui  |  Mar 29, 2025

The Employment Act, 2007 bars employers from deducting more than two-thirds of an employee’s basic salary.

Government rolls out new e-procurement system to curb corruption
Alfred Onyango  |  Mar 28, 2025

The Exchequer therefore noted that suppliers, contractors, and consultants should self-register on the e-GP portal.

Court blocks KUPPET’s bid to scrap leadership term limits
Maureen Kinyanjui  |  Mar 28, 2025

In his petition, Kinyua cited procedural irregularities, lack of public participation, voting manipulations, intimidation of delegates, and the imposi...

Kenya must look outward or risk being overrun, NIS boss Noordin Haji warns
Mwangi Maina  |  Mar 28, 2025

With his lecture, Noordin signaled a shift in tone for Kenya's spy agency—one that now sees public engagement and transparency as essential to navigat...

Vetting of Ruto’s nominees to key diplomatic roles to be done on April 7
Maureen Kinyanjui  |  Mar 28, 2025

During the vetting, the nominees will be required to present their original identification documents, academic and professional certificates, and othe...

Kenyans connected to the grid hit 9.8 million in December 2024, Epra says
Alfred Onyango  |  Mar 27, 2025

However, the record of new customer connections is a decline compared to the same period in the previous financial year, which recorded a total of 260...

Government to implement road tolling policy amid public concerns
Margaret Wanjiru  |  Mar 27, 2025

The Ministry of Roads and Transport confirmed that toll charges will be structured to ensure affordability and that revenues collected will be reinves...

Court orders NLC to pay Sh187 million compensation to ranch over SGR land acquisition
Maureen Kinyanjui  |  Mar 27, 2025

In its ruling, the court found that NLC had acted negligently and fraudulently by awarding compensation to individuals who were not legally entitled t...

Who is Kirsty Coventry and how did she become the most powerful person in world sports?
The Conversation  |  Mar 27, 2025

She is Africa’s most decorated Olympian of all time. She won seven medals across the 2004 Athens Games and the 2008 Beijing Games.

Kenya not likely to attain debt sustainability until after 2029 – Treasury
Alfred Onyango  |  Mar 26, 2025

CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...

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