Ethiopia tax income up 17 percent
The Ministry of Revenue of Ethiopia said it has collected around 248.6 billion Birr tax revenue during the first nine months of the current budget year started July 8, 2021.
Ethiopia outstanding treasury bills up 500 percent
Ethiopia’s Government total outstanding treasury bills (T-bills) has increased by close to 500 percent in 2020/21 to 116.6 billion Birr compared to the previous year.
Ethio Lease transfers ownership of high-tech ophthalmic surgical microscopes
Ethio Lease, the first privately held equipment leasing company in Ethiopia on Friday transferred a state-of-the art Ophthalmic microscope’ worth more than 5 million Birr’ to WGGA Eye Center following the successful…
Ethiopia banks lending increases 21 percent
The amount of fresh loans disbursed by all Ethiopian banks in Ethiopia last year concluded June 30, 2021, has increased by 21 percent to 329.5 billion Birr.
Credit to micro, small businesses in Ethiopia declines 34 percent
Credit to micro and small enterprises in Ethiopia has declined by 34 percent during the last budget year of Ethiopia 2020/21 to 5 billion Birr compared to the preceding budget year.
Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo and color.
Islamic Finance, Halal economy are forecast to grow – research
A new research with leading Islamic Finance professionals shows they expect strong growth for the wider Halal economy and their own sector this year.
Why Africa is the new frontier for venture capital
By Andualem Sisay Gessesse- Studies show that the practice, skills and knowledge of Venture Capital (VC) in Africa is very small and rather untapped compared to other parts of the world. This…
Ethiopia revising policy to open door for foreign banks
Indicating that the Government of Ethiopia is engaged in policy revision to open its doors for foreign banks, Prime Minister Abiy Ahmed told domestic banks to modernize their systems with information technology…
Ethiopian bankers advised to start uncollateralized lending
Data expert with hands in digital financial sector for over a decade in East Africa, Hartnell Ndungi, advised bankers in Ethiopia to serve the huge Micro, Small and Medium Enterprises (MSMEs) in…
Pandemic recovery requires access to credit to households, businesses
The flagship report of the World Bank, ‘World Development’, which focused on finance, advised that recovery from the impacts of COVID-19 requires continued access to credit to households and businesses.
Coalition announces $5.55 billion financing for African enterprises
The coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development finance institutions that came together in 2020, today announced commitments of over $5.55 billion…
Global leaders to discuss financing inclusive post-COVID world
Global leaders are set to discuss how to finance a more resilient, inclusive post-COVID world at the International Fund for Agricultural Development (IFAD) Governing Council meeting this week.
African Development Fund grants $11 million for African Union Commission
The African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund to strengthen its governance and provide it with institutional support.