The flagship report of the World Bank, ‘World Development’, which focused on finance, advised that recovery from the impacts of…
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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…
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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…
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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…
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Ethio Lease appoints Degol Gossaye as CEO
The Board of Directors of Ethio Lease Ethiopian Capital Goods Finance SC announced that it has appointed Degol Gossaye as…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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