Zemen Bank, one of the private financial service providers in Ethiopia, said its profit after tax for the budget year…
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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…
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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…
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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…
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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…
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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…
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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…
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African Development Bank approves $50 million for Standard Chartered Bank
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation…
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Remittance to Africa projected to decrease in 2021
Remittances to African countries are expected to decrease by 5.4 percent from $44 billion in 2020 to a projected total…
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Ethiopia signs grant agreement with Japan
The Federal Democratic Republic of Ethiopia and the Government of Japan signed and exchange notes on “Grant Aid for Economic…
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African Development Bank grants $118 million to Ethiopia
The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to…
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Ethiopia tax income increases one billion dollars
Ethiopia’s tax income for the first eleven months of the current budget year started July 8, 2020 has increased by…
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