National Bank of Ethiopia – New Business Ethiopia

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 newbusinessethiopia 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 newbusinessethiopia 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 newbusinessethiopia 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,

Debub Global Bank of Ethiopia profit doubles

Debub Global Bank of Ethiopia profit doubles

December 14, 2019January 11, 2020 newbusinessethiopianews asset, Debub Global Bank, Ethiopia, loans and advances, National Bank of Ethiopia, profit, Return on equity

Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at

Ethiopia gets first foreign leasing company

August 8, 2019August 9, 2019 newbusinessethiopia Africa Asset Finance Company, Ethio Lease, Ethiopia, Girma Wake, National Bank of Ethiopia

Ethio Lease, a subsidiary of Africa Asset Finance Company Inc. (AAFC), a US-headquartered equipment finance firm, enters Ethiopian market.

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