The annual export in goods income of Ethiopia for the first time has reached all time high to about $3.5
Tag: 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
As oppose to the push by the international financial institutions, a new study by the renowned professor of Economics at
With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a centralized database
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local
Zamzam Bank S.C., one of the Islamic banks under formation in Ethiopia has sold shares with a total value of
With the aim of fighting tax avoidance and illegal circulation of money, the National Bank of Ethiopia (NBE) today introduced
In an effort to rescue the economy from collapsing due to COVID-19 pandemic, the Government of Ethiopia orders the central
BY ABEBE WOLDE GIORGIS – Currently, the banking industry in Ethiopia is growing rapidly in terms of accessibility, asset development,
Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at
Ethio Lease, a subsidiary of Africa Asset Finance Company Inc. (AAFC), a US-headquartered equipment finance firm, enters Ethiopian market.
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently
The Government of Ethiopia is set to introduce bank directive that will allow smallholder farmers to use their cattle as
The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at
The macroeconomic committee recently set up the new reformist Prime Minister Abiy Ahmed of Ethiopia on Wednesday has passed a
The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of Ethiopia (NBE),
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE), who
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43 percent.