The sword has befallen businesses in Addis Abeba, if not those across the country. The speed and ferocity of policymakers on the national macroeconomic team in adjusting the exchange rate of the Birr against a basket of major currencies was like a thunderstorm when it hit the market on Tuesday, August 31, 2010.

The National Bank of Ethiopia (NBE) has introduced one birr coins in a bid to replace birr notes that are relatively costly to produce due to their short life cycle.

Ethiopian Airlines has made an overwhelming insurance claim from the state owned Ethiopian Insurance Corporation (EIC) for the crash of one of its aircraft off the coast of Beirut, Lebanon in January this year.

The Ministry of Finance and Economic Development (MoFED) is proposing an ambitious strategic plan for the next five years.

Sudan Petroleum Corporation (Sudapet), the state-owned oil producing giant, heads toward becoming Ethiopia’s only Benzene supplier, ending the aged-long fuel imports of the country mainly from the Middle East.

Newly established Abay Bank SC officially received permission to start work on Friday, July 23, 2010, from the National Bank of Ethiopia (NBE) and is set to start business in September, 2010.

Dashen Bank SC made 456 million Br in profits (unaudited) in the 2009/10 fiscal year, giving a two-step increase in salaries and a bonus of two months salary to its employees.

Ethiopia announces plan to increase the annual export revenue it gets from the export of garments to one billion US dollars after five years, its Textile Industry Development Institute announced.

Ethiopia's Gross Domestic Product (GDP) is likely to grow by 10.9 percent in 2010-2011, putting the horn Africa's nation in the lead across continent, the African Development Bank (AFDB) said.

Ethiopian Airlines is about to unveil a strategic plan that promises to evolve the national flag carrier into one big holding company with skyscraper revenues, Capital has learnt.