Ethio Telecom officially launched this week a telebirr based Digital Financial Marketplace that enables banks, microfinance, insurance, and other institutions…
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Majority Ethiopians still have no access to credit
Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the majority of…
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Study advices Ethiopia not to rush to banking liberalization
As oppose to the push by the international financial institutions, a new study by the renowned professor of Economics at…
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Ethiopia shuts banks in Tigray after “TPLF robbery”
The National Bank of Ethiopia (NBE) has closed all banks branches in Tigray Region of Ethiopia following “robbery by the…
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Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state…
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How to convert COVID-19 to opportunity in Africa
BY ANDUALEM SISAY GESSESSE – They say every challenge brings opportunities. For the past few months we have been listening…
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Ethiopia banks capital hikes 8%
The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at…
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Commercial Bank of Ethiopia struggles to make profit in Djibouti
By Andualem Sisay Gessesse – Djibouti – Commercial Bank of Ethiopia (CBE), which reopened its branch in Djibouti 18 months…
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Ethiopia’s banking industry grows double digit
A new report predicts double digit growth of Ethiopia’s banking industry. Ethiopia’s commercial banking sector will post a steady expansion…
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