Berhan Bank of Ethiopia profit up 41 percent
During budget year concluded June 30, 20219, Berhan Bank, one of the private banks in Ethiopia, has registered a gross profit of 580.1 million birr (about $18.4 million at the current exchange…
Berhan Insurance of Ethiopia profit increases 24%
Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million birr ($818,882 at the current exchange rate) during the budget year concluded…
Debub Global Bank of Ethiopia profit doubles
Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at the current exchange rate), which is double compared to the previous year…
Ethiopia collects $3.5 billion tax in five months
The Government of Ethiopia has collected a total of 109.2 billion birr (about $3.5 billion at the current exchange rate) tax during the first five months the current budget year.
Abyssinia Bank makes one billion birr profit
Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the…
Bunna Bank of Ethiopia profit up 46 percent
Gross profit of Bunna International Bank of Ethiopia grew to 625 million birr (over $20 million at the current exchange rate) for the year ended June 30, 2019, which is 46.4 percent…
Ethiopia’s Nib bank makes 928 million birr profit
Nib International Bank Share Company, one of the private banks in Ethiopia announces gross profit of 928 million birr (close $30 million), which is 269 million birr up compared to the previous…
Ethiopia’s Dukem town tax income quadruples
Tax income of Dukem, one of industrial hubs of Ethiopia, has almost quadrupled from it was five years ago, says tax official of the town.
Ethiopia state enterprises debt surpasses $5.6 billion
Debt of twelve state enterprises in Ethiopia surpasses $5.6 billion, according to the latest report of the state enterprises’ regulatory agency.
State enterprises in Ethiopia collect $9.4 billion revenue
Ethiopia’s state enterprises have collected total revenue of 258.51 billion birr (about $9.44 billion) last Ethiopia fiscal year concluded July 7, 2019.
British territories facilitate stealing of Africa’s tax money
British and its territories are the top destinations of the money multinationals are stealing from Africa countries by tax evasion and tax avoidance, new study reveals.
Africa needs disruptive tax policy to tax digital businesses
Panelists of the 7th Pan African Conference on tax and Illicit financial flows, stress that Africa needs disruptive tax policies that respond to the positively disruptive digital businesses such as ubber. “Though…
Pan African conference discusses taxation in digital economy
Focusing on how African countries boost their local revenue in today’s digital economy, experts from across the globe gathered in Nairobi, Kenya for the 7th Pan African Conference on Illicit Financial Flows…
New bank set to enter Ethiopia market
Goh Betoch Bank, a new financial institution that aims to reintroduce mortgage banking (loan for housing construction) in Ethiopia, offers its share to the public.