Ethio Lease, a subsidiary of Africa Asset Finance Company Inc. (AAFC), a US-headquartered equipment finance firm, enters Ethiopian market.
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Ethiopia’s state bank deposit surpasses $17 billion
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently…
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Ethiopia’s smallholder farmers to use cattle as collateral
The Government of Ethiopia is set to introduce bank directive that will allow smallholder farmers to use their cattle as…
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Ethiopia banks capital hikes 8%
The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at…
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Ethiopia allows payments in foreign currency
The macroeconomic committee recently set up the new reformist Prime Minister Abiy Ahmed of Ethiopia on Wednesday has passed a…
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Highly indebted Ethiopia appoints new central bank chief to rescue economy
The highly indebted government of Ethiopia announces the appointment of a new governor for the National Bank of Ethiopia (NBE),…
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Ethiopia secures $3 billion investment from United Arab Emirates
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE), who…
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Ethiopian banks’ revenue grew to 24 percent
The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period…
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Oromia Insurance increases asset 43 percent
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43…
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