Despite the increase in the number of banks, microfinances and their branches over the last 25 years, the majority of Ethiopians mainly the very poor
Tag: banks
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 the Addis Ababa University, Alemayehu
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 armed group, Tigray Peoples Liberation
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 owned giant Commercial bank of
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 how COVID-19 (coronavirus) pandemic can
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 the prevailing exchange rate) at
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 ago, is still struggling to
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 over 2017, with both loan
