National Bank of Ethiopia – New Business Ethiopia

Ethiopia conflict causes 10 percent decline in school enrolment

Ethiopia conflict causes 10 percent decline in school enrolment

April 10, 2022 NBE 4168 ViewsEthiopia, National Bank of Ethiopia, number of schools, primary school, school enrolment, secondary school, Tigray conflict, TVETs in Ethiopia 1 min read

The ongoing conflict and war in the northern part of Ethiopia has led to 9.8 percent decline in primary and

Ethiopia outstanding treasury bills up 500 percent

Ethiopia outstanding treasury bills up 500 percent

April 4, 2022 NBE 5047 ViewsEthiopia, Ethiopian Government, National Bank of Ethiopia, T-bills, treasury bills 1 min read

Ethiopia’s Government total outstanding treasury bills (T-bills) has increased by close to 500 percent in 2020/21 to 116.6 billion Birr

Ethiopia economy set to grow 8.7 percent this year

Ethiopia economy set to grow 8.7 percent this year

March 16, 2022March 16, 2022 NBE 5016 Viewsagriculture, business activities, communications, Construction, crop production, cultivated land, Ethiopia, Ethiopian economy, grain production, industry, Manufacturing, mining, National Bank of Ethiopia, oilseeds, real estate, retail trade, service sector, transport, wholesale 3 min read

The Government of Ethiopia forecasted 8.7 percent economic growth for the current Ethiopia’s budget year started July 8, 2021.

Bunna Bank of Ethiopia introduces new logo

March 16, 2022March 18, 2022 NBE 3512 ViewsAbay Bank, Abyssinia Bank, Awash International Bank, bank branches, Bunna Bank, Commercial Bank of Ethiopia, Cooperative Bank of Oromia, Debub Global Bank, Ethiopia, National Bank of Ethiopia, new logo, Nib International Bank, private banks, rebranding, United Bank, Zamzam Bank 2 min read

Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo and color.

Ethiopian bankers advised to start uncollateralized lending

Ethiopian bankers advised to start uncollateralized lending

February 21, 2022February 21, 2022 Business News 3323 ViewsAlibaba, Artificial intelligence, China, Cooperative Bank of Oromia, eCommerce, Ethiopia, IFC, Kenya, Kifiya Financial Technologies, M-Pesa, Mastercard Foundation, Michu, micro lending, National Bank of Ethiopia, Qena, uncollateralized digital lending 3 min read

Data expert with hands in digital financial sector for over a decade in East Africa, Hartnell Ndungi, advised bankers in

Ethiopia export earning reaches all time high

July 5, 2021 BEHAK 256 Viewscoffee, Ethiopia, export earnings, import, National Bank of Ethiopia, Prime Minister Abiy Ahmed 1 min read

The annual export in goods income of Ethiopia for the first time has reached all time high to about $3.5

Ethiopia economy grows 2 percent this year, IMF says

February 23, 2021February 23, 2021 BEHAK 92 ViewsCOVID-19, economic growth, Ethiopia, Homegrown Economic Reform, IMF, National Bank of Ethiopia 3 min read

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 Business News 152 ViewsAsia, 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 2 min read

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 92 ViewsEthiopia, Ethiopian banks, National Bank of Ethiopia, nonperforming loan 1 min read

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 230 Viewscurrency notes, Ethiopia, Ethiopia Ministry of Finance, Ethiopian Ministry of Defense, forged currency notes, National Bank of Ethiopia 1 min read

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 151 ViewsBanking, Ethiopia, foreign banks, National Bank of Ethiopia 1 min read

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 284 ViewsAhadu 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 2 min read

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 247 ViewsBanking in Ethiopia, cash withdrawal, Ethiopia, micro-finances, National Bank of Ethiopia 1 min read

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 92 ViewsCommercial Bank of Ethiopia, debt relief, Ethiopia, export, hospitality industry, hotel, import, liquidity, National Bank of Ethiopia, private banks, Trade 1 min read

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 Business News 167 Viewsaccessibility, 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 4 min read

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

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