The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern African country…
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Tax abuse, money laundering, corruption plague global finance
Governments must do more to tackle tax abuse and corruption in global finance, says a panel of former heads of…
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Ethiopia honors 200 loyal taxpayers
The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year concluded July…
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Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state…
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Awash Bank of Ethiopia profit increases by 900 million birr
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime came to…
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Ethiopia secures $4 billion project financing from abroad
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects…
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Ethiopia increases annual tax revenue 18 percent
The Government of Ethiopia has increased its annual tax revenue for the budget year concluded July 7, 2020 by 18…
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Ethiopia allows local banks to borrow from foreign banks
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local…
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Company monthly tax contribution surpasses ten million
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export,…
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ABBAHAWA’s tax contribution surpasses ten million
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export,…
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Development Bank of Ethiopia secures $613 million government loan
The Ethiopian Parliament on Thursday approves 21.2 billion birr (about $613 million) long term loan to poorly performing Development Bank…
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Ethiopia collects over $6 billion tax income
The Ministry of Revenue of Ethiopia collected 217.24 billion birr (about $6.32 billion) tax income during the first eleven months…
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Ethiopia increases budget by 7 percent
NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9…
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Ethiopian banks’ loan disbursement grows 24 percent
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44 billion at…
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