National Bank of Ethiopia – New Business Ethiopia

Ethiopia’s smallholder farmers to use cattle as collateral

February 27, 2019February 27, 2019 newbusinessethiopia

The Government of Ethiopia is set to introduce bank directive that will allow smallholder farmers to use their cattle as collateral to access loan from banks.

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019 newbusinessethiopia

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 the end of last Ethiopian fiscal year ended June 2018.

Ethiopia allows payments in foreign currency

August 30, 2018August 30, 2018 newbusinessethiopia

The macroeconomic committee recently set up the new reformist Prime Minister Abiy Ahmed of Ethiopia on Wednesday has passed a directive that allows payments in foreign currently for selected business areas.

Highly indebted Ethiopia appoints new central bank chief to rescue economy

June 19, 2018June 19, 2018 newbusinessethiopia

The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of Ethiopia (NBE), financial sector regulatory body of the country.

Ethiopia secures $3 billion investment from United Arab Emirates

June 16, 2018June 18, 2018 newbusinessethiopia

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE), who is on official visit in Ethiopia, signed a $3 billion investment agreement with Prime Minister Abiy Ahmed of Ethiopia.

Ethiopian banks’ revenue grew to 24 percent

June 22, 2010January 21, 2019 newbusinessethiopia

The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period last year. This is excluding the new private banks, which have not began reporting profits and state-owned National Bank of Ethiopia (NBE).