The Ethiopia Diaspora Trust Fund (EDTF) Advisory Council has established an “EDTF Emergency COVID-19 Mitigation” effort committing $1 million start-up…
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Word Bank provides $82 million to Ethiopia
The World Bank provides $82 million assistance to the Government of Ethiopia for the fight against the spread of coronavirus…
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Ethiopia to provides $460 million to private banks
In an effort to rescue the economy from collapsing due to COVID-19 pandemic, the Government of Ethiopia orders the central…
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World Bank provides $500 million to Ethiopia
The Government of Ethiopia secured $500 million grant and loan from the World Bank. The World Bank’s Board of Executive…
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Commercial Bank of Ethiopia gets new boss
The Commercial Bank of Ethiopia (CBE), the state owned financial institution with over half market share in the country’s banking…
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Ethiopian government finance institutions profit $332 million
The three state enterprises in Ethiopia engaged in providing financial services have made 10.7 billion birr (about $332.1 million at…
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CBE brings $1.7 billion remittance to Ethiopia in six months
Commercial Bank of Ethiopia (CBE), the giant state owned financial institution, says in six months’ time it has received $1.7…
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Ethiopia collects $567 million tax in December
The Ministry of Revenue of Ethiopia announces collecting 18.1 billion birr (about $567 million at the current exchange rate) in…
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Ethiopia – Addis International Bank profit grows 39 percent
Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2…
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Ethiopia- Dashen Bank makes $40 million profit
Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks…
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Ethiopia – Zemen Bank profit soars 87 percent
As compared to the previous year, the annual profit before tax of Zemen bank, one of the financial institutions in…
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Ethiopia – Abay Bank profit grows 63 percent
During the budget year concluded June 30, 2029, the annual profit before tax of Abay Bank Share Company, one of…
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