Nib Bank profit increases by 381 million Birr
Compared with the previous year’s performance, gross profit of Nib International Bank, one of the 16 private banks in Ethiopia, has increased by 381.2 million Birr for the budget year concluded June…
UN agency donates vehicles supporting COVID19 response in Ethiopia
The United Nations Economic Commission for Africa (UNECA) today donated vehicles to support COVID19 response in Ethiopia.
Dashen Bank profits about 1.8 billion Birr
Dashen Bank Share Company, one of the 16 private banks operating in Ethiopia, has reported annual gross profit of 1.79 billion Birr during the financial year concluded June 30, 2020.
CR2 set to accelerate digital banking in Ethiopia
CR2, one of the top financial technologies companies operating in Ethiopia, has been awarded the tender to roll out Zemen Bank’s mobile banking with Bank World, its digital banking platform, CR2 said.
Ethiopia electoral board cancels 26 political parties license
The National Electoral Board of Ethiopia (NEBE) has cancelled licenses of 26 political parties which failed to fulfil the requirement of the Board to participate in the next election.
Ethiopia launches second satellite to space
Ethiopia has launched its second satellite, ET Smart RSS2, to space, which will send high quality pictures that helps Ethiopian government to make the right decisions in various sectors.
Ethiopia, Sudan officials met to discuss border dispute
A delegation led by Deputy Prime Minister and Foreign Affairs Minister Demeke Mekonnen, has visited Sudan this week to peacefully discuss border related disputes between the two countries.
Ethiopia approves law to introduce capital market
The Council of Ministers of Ethiopia today approves a draft law prepared by the National Bank of Ethiopia that allows Ethiopia to introduce capital market.
Ethiopia’s next battle, the saboteurs within
OPINION – By Aregu Balleh – Tigray Peoples Liberation Front (TPLF), which as been working against the people of Ethiopia including the people in Tigray region for about half a century, has…
Food insecurity, conflict deteriorate Ethiopia’s humanitarian situation
The resurgence of the worst invasion of desert locusts in Ethiopia’s history is raising hunger levels amidst continued conflict in the Tigray region and the COVID-19 pandemic, where Ethiopia faces the highest…
Debub Global Bank profit up 33 percent
Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33 percent from the previous year to 376 million Birr before tax.
Ethiopia announces 10 million Birr reward to capture TPLF fugitives
The Government of Ethiopia today announced a 10 million Birr (about $250,000) reward for anyone who informs the whereabouts of Tigray People Liberation Front (TPLF) fugitives wanted for treason.
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 Geda advices Ethiopian government to not to…
Nestlé to help Ethiopia tackle plastic pollution
Nestlé said it has partnered with local sustainability consultant TS Environment to set up a plastics waste recovery program in Ethiopia. The objective of the program is to achieve plastics neutrality within…