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With the help of KfW Development Bank, the German government’s official development bank, Ethiopia’s state owned financial institution – the Development Bank of Ethiopia (DBE) is set to provide €31 million in…
The Ministry of Revenues of Ethiopia says the country’s annual tax income for the Ethiopian fiscal year ended July 7, 2026 has increased by about 68.7 percent as compared to the previous…
As stated in Ethio Telecom’s report released yesterday, during the 2018 Ethiopian fiscal year ended July 7, 2026, the first year of the “Beyond Horizons: Digital and Beyond 2028” strategy, Telebirr maintained…
Ethiopia’s Amhara Region Revenue Bureau, which planned to collect a total of 100.3 billion birr from regular revenue and urban service during the 2018 fiscal year (started July8, 2025), has secured 69.1…
Commercial Bank of Ethiopia (CBE), the fully state-owned enterprise, announced that it has recorded a net profit of 54.5 billion birr over the first nine months of the current budget year of…
The Ministry of Revenue of Ethiopia says the country has collected 1.1 trillion Birr Tax Revenue in nine months of the current Ethiopian calendar started July 8, 2025.
The National Bank of Ethiopia (NBE), financial sector governing body of the country, says digital financial transaction has been growing fast reaching 18.5 trillion Birr in one year (June 2024 -June 2025).
Taking a bold move the National Bank of Ethiopia (NBE), the central bank in charge of regulating the financial system of the country, removes on Wednesday most of decades old restrictions on…
Standard Bank, Africa’s biggest bank by assets, has partnered with Safaricom Telecommunications, Kenya’s largest telecommunications provider, to provide funding of $138 million as part of investment towards Safaricom Telecommunications Ethiopia PLC (STEP).
The African Development Bank (AfDB) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between…
By Africa Risk Control West Africa Desk: Ghana, located in West Africa along the Gulf of Guinea, has a population of approximately 34 million and a GDP of around $90 billion (2024…
By Africa Risk Control East Africa Desk – Ethiopia’s microfinance sector has grown into a vital pillar of financial inclusion, bridging the gap for millions of low-income households and small businesses excluded…
By Africa Risk Control West Africa Desk- Nigeria has emerged as the undisputed leader of Africa’s financial technology (fintech) revolution. With a population of over 220 million people—more than half of them…
With a focus on women entrepreneurs and in rural areas, the International Finance Corporation (IFC) today announced a loan to VisionFund Microfinance Institution, the first ever local currency loan to a financial…