Ethiopia tax income up 15 percent
The tax income of Ethiopia during the first six months of the current year started July 8, 2021 has increased to 171.3 billion Birr showing 14.9 percent rise from the same period…
Ethiopia introduces collateral free digital lending
Cooperative Bank of Oromia (CBO) and Kifiya Financial Technologies today launched Michu, its first collateral free digital lending platform in Ethiopia that provide loan without collateral.
Ethiopia collects 147 billion Birr tax in five months
The Ministry of Revenue of Ethiopia has collected a total tax of 147.3 billion Birr during the first five months the current budget year of the country started July 8, 2021.
Ethiopia receives $1.64 billion from diaspora in five months
Ethiopian Diaspora Agency said that Ethiopians in the diaspora have sent home $1.64 billion remittance in five months of this year using legal money transfer.
Oromia Bank nets 872 million Birr annual profit
Oromia International Bank, a private financial institution in Ethiopia which recently rebranded itself as, Oromia Bank, has announced close to 872 million Birr annual profit after tax for the year ended June…
Awash Bank of Ethiopia tops private banks in profit, deposit
During the budget year concluded June 30, 2021, Awash Bank of Ethiopia has become the top private financial institutions in the country out of those which reported their performances by announcing 4.8…
Ethiopia – Lion Bank profit drops by 309 million Birr
The annual profit after tax of Lion International (LIB) Bank of Ethiopia, which most of its branches based in Tigray region, for the year ended June 30, 2021 has declined by about…
Zemen Bank profit increases by 214 million Birr
Zemen Bank, one of the private financial service providers in Ethiopia, said its profit after tax for the budget year concluded June 30, 2021 has increased by close to 114 million Birr…
NIB bank of Ethiopia profit up 17 percent
Nib International Bank (NIB), one of the private banks in Ethiopia, reported close to 1.22 billion Birr annual profit after tax for the year concluded June 30, 2021, which is about 17…
African Development Bank receives Stevie Award
The African Development Bank received a first place “Gold Stevie” at the 18th Annual International Business Awards virtual event, in recognition of the institution’s digital campaign showcasing its Technologies for African Agricultural…
Ethiopia October tax revenue up 22 percent
Compared to October 2020, tax revenue of Ethiopia for the month of October has increased by 21.8 percent to about 54 billion Birr (about $1.13 billion), the Ministry of Revenue of Ethiopia…
TDB set to host 4th East African Banking & Microfinance Forum
Finance and banking leaders and experts from across East Africa and globally will participate in the 4th East African Banking & Microfinance Forum hosted by the Eastern and Southern African Trade and…
IFC to boost Africa’s digital infrastructure
To support universal and affordable broadband access in Africa, International Finance Corporation (IFC) has partnered with Liquid Intelligent Technologies to expand data center capacity and the rollout of fiber-optic cable on the…
GVG to provide payments interoperability solution for Governments
Global Voice Group (GVG), a leading regulatory technology developer and Big Data Analytics organisation, today launched TransFin, its seamless payments interoperability solution.