Ethiopia secures $4.6 billion from tax
Ethiopian Ministry of Revenue collected over 130.7 billion birr ($4.6 billion) during the first eight months of Ethiopian…
Finance
Malabo set to host African Development Bank annual meetings
Malabo, the capital of Equatorial Guinea is set host the African Development Bank’s next Annual Meetings in June…
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…
Ethiopia introduces electronic tax payment system
As part of modernizing its services, the Ministry of Revenue of Ethiopia is set to fully collect tax…
Oromia of Ethiopia meets its tax revenue target
Meeting its target by 99%, the Oromia of Region of Ethiopia collects 9.187 billion birr ($325.8 million) tax…
Ethiopia’s Tigray collects $43 million tax
Out of the total 1.2 billion birr tax (close to $43 million) income the Tigray Region of Ethiopia…
Ethiopia to allow diaspora invest in banking, insurance
The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country,…
Addis Ababa City collects $663 million tax in six months
The Addis Ababa City Government Revenue Authority has collected 18 billion birr (around $663 million) during the first…
European Investment Bank invests 3 billion euro in Africa
The European Investment Bank agreed EUR 3.3 billion ($3.74 billion) of new financing in 2018 for private sector…
Ethiopia provides $2.4 billion tax incentive for investors
As part of investment incentive, the Ethiopian Ministry of Revenue has provided duty free import privilege of 65…
EU finance Ethiopia’s job creation effort
The European Union (EU) on Thursday agrees to provide 130 million euros to Ethiopia in support of the…
Ethiopia PM discusses reform with bankers
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the…
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…
Ethiopian Airlines, Hibret launch co-branded debit card
Ethiopian Airlines and Hibret Bank of Ethiopia have launched the first Co-branded debit card tailored to provide Ethiopian…
Ethiopia collects $3 billion tax in five months
The government of Ethiopia has collected 83 billion (close to $3 billion) in the first five months of…
Ethiopia captures cash smuggling woman
Continuing its fight against illicit financial outflows, the government of Ethiopia’s customs authorities on captured a woman who…
AfDB approves $1489 million private sector credit enhancement facility
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank…
Commercial Bank of Ethiopia struggles to make profit in Djibouti
By Andualem Sisay Gessesse – Djibouti – Commercial Bank of Ethiopia (CBE), which reopened its branch in Djibouti…
Norway provides finance for adolescent, youth development in Ethiopia
The Royal Norwegian Embassy in Ethiopia signed a grant agreement today with UNFPA and UNICEF amounting to NOK…
European Investment Bank provides loan for women entrepreneurs in Ethiopia
The European Investment Bank (EIB) signed today a new loan with the Ethiopian Ministry of Finance and Economic…
Arab bank invest in Eastern and Southern African Trade and Development Bank
The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and…
Standard Bank wins best Africa private bank award
Standard Bank Wealth and Investment has won the Best Private Bank for Customer Service in Africa for the…
Finance Institutions Join Forces to ‘Deliver As One For Africa’
The African Development Bank President Akinwumi Adesina on Tuesday made an impassioned call for investors to join the…
AfDB, Women Entrepreneurs Finance Initiative collaborate
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures…
Mastercard launches new fund for young Africans
The Mastercard Foundation on Thursday announced a new fund that enables young changemakers to seed and kick-start promising…
African Development Bank, African Trade Insurance Agency, UK reinsurers launch credit insurance deal
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a $500…
Women owned enterprises in Nigeria secure $50 million
The African Development Bank has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to…
African Development Bank, Room2Run securitization model for global lenders
Room2Run, the African Development Bank and partners’ innovative $1 billion synthetic securitization of a portfolio of seasoned African…
Banking in Ethiopia remains promising in the face of adversity
The banking sector in Ethiopia remains promising through it has been changed by both infrastructure and stringent policies…
WorldRemit offers free service for Ethiopian diaspora in America
WorldRemit, one of the top digital money transfer company, launches a free of charge remittance transfer service for…