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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Zamzam Bank of Ethiopia sold over $18 million shares
Zamzam Bank S.C., one of the Islamic banks under formation in Ethiopia has sold shares with a total value of…
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Ethiopia limits cash withdrawal from banks
With the aim of fighting tax avoidance and illegal circulation of money, the National Bank of Ethiopia (NBE) today introduced…
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Ethiopia tax revenue increases by $1 billion
Ethiopia’s tax revenue has increased by over one billion dollar this year compared to the previous year. The Ministry of…
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IMF approves $411 million assistance to Ethiopia
The International Monetary Fund (IMF) Executive Board approves US$411 million in emergency assistance to Ethiopia to address the COVID-19 pandemic.
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Ethiopia collects $5.5 billion tax revenue
Over the past nine months (July 2019 to March 2020) the government of Ethiopia has collected 183.2 billion birr ($5.5…
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