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With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a centralized database with credit information of all bank borrowers in the country.
The World Bank today inked an agreement with the Ministry of Finance of Ethiopia to provide $400 million for the east African country for it urban programs.
The World Bank approved a grant of $400 million to support Ethiopia Urban Productive Safety Nets and Jobs Project of which $50 million is from the window for host communities and refugees…
The state enterprises in Ethiopia have generated a total revenue of over 300.5 billion birr (about $8.2 billion) during the budget year of the country concluded July 7, 2020.
The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern African country $80 million.
Governments must do more to tackle tax abuse and corruption in global finance, says a panel of former heads of state and government, past central bank governors, business and civil society leaders…
The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year concluded July 7, 2020.
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state owned giant Commercial bank of Ethiopia during the budget year concluded June…
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime came to power in 1991, announced before tax profit of 4.2 billion birr ($113.5…
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects and programs during the budget year concluded July 7, 2020, the Ministry…
The Government of Ethiopia has increased its annual tax revenue for the budget year concluded July 7, 2020 by 18 percent (almost one billion dollar) compared to the previous year.
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local banks to borrow from foreign banks.
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export, said its monthly income, excise tax contribution has surpassed ten million birr…
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export, said its monthly tax contribution has surpassed ten million birr.