National Bank of Ethiopia – New Business Ethiopia

Ethiopia economy grows 2 percent this year, IMF says

February 23, 2021February 23, 2021 gessesse COVID-19, economic growth, Ethiopia, Homegrown Economic Reform, IMF, National Bank of Ethiopia

The International Monetary Fund (IMF) forecasts that Ethiopia’s economy will only grow by 2 percent for the current fiscal year

Study advices Ethiopia not to rush to banking liberalization

December 18, 2020December 18, 2020 newbusinessethiopianews Asia, banking liberalization, banks, China, Commercial Bank of Ethiopia, Development Bank of Ethiopia, Ethiopia, Germany, IMF, inflation, Kenya, Korea, National Bank of Ethiopia, national interest, real deposit rate, Taiwan

As oppose to the push by the international financial institutions, a new study by the renowned professor of Economics at

Ethiopia set to introduce centralized bank borrowers database

Ethiopia set to introduce centralized bank borrowers database

October 22, 2020October 22, 2020 NBE Ethiopia, Ethiopian banks, National Bank of Ethiopia, nonperforming loan

With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a centralized database

Ethiopia distributes 96 billion Birr new currency notes

Ethiopia distributes 96 billion Birr new currency notes

October 17, 2020 NBE currency notes, Ethiopia, Ethiopia Ministry of Finance, Ethiopian Ministry of Defense, forged currency notes, National Bank of Ethiopia

The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes

Ethiopia allows local banks to borrow from foreign banks

Ethiopia allows local banks to borrow from foreign banks

August 18, 2020August 18, 2020 NBE Banking, Ethiopia, foreign banks, National Bank of Ethiopia

The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local

Zamzam Bank of Ethiopia sold over $18 million shares

Zamzam Bank of Ethiopia sold over $18 million shares

May 25, 2020May 25, 2020 Ahadu Bank, Amhara Bank, Ethiopia, Gadda Bank, Hijra Bank, Islamic bank, Jano Bank, Kush Bank, National Bank of Ethiopia, The Ethiopian Herald, Zad Bank, Zamzam Bank

Zamzam Bank S.C., one of the Islamic banks under formation in Ethiopia has sold shares with a total value of

Ethiopia limits cash withdrawal from banks

May 19, 2020May 19, 2020 Banking in Ethiopia, cash withdrawal, Ethiopia, micro-finances, National Bank of Ethiopia

With the aim of fighting tax avoidance and illegal circulation of money, the National Bank of Ethiopia (NBE) today introduced

Ethiopia to provides $460 million to private banks

Ethiopia to provides $460 million to private banks

March 27, 2020March 27, 2020 Commercial Bank of Ethiopia, debt relief, Ethiopia, export, hospitality industry, hotel, import, liquidity, National Bank of Ethiopia, private banks, Trade

In an effort to rescue the economy from collapsing due to COVID-19 pandemic, the Government of Ethiopia orders the central

Banking expansion in Ethiopia, inherent shortcomings

January 27, 2020January 27, 2020 newbusinessethiopianews accessibility, Banking in Ethiopia, capital accumulation, current political development, Ethio Telecom, Ethiopia, Ethiopian electric, financial business, human resource, inflation, Kenya, liquidity, loan and saving, merger, National Bank of Ethiopia, profitability

BY ABEBE WOLDE GIORGIS – Currently, the banking industry in Ethiopia is growing rapidly in terms of accessibility, asset development,

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