Out of the total 1.2 billion birr tax (close to $43 million) income the Tigray Region of Ethiopia has collected…
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Ethiopia to allow diaspora invest in banking, insurance
The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country, is set…
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Addis Ababa City collects $663 million tax in six months
The Addis Ababa City Government Revenue Authority has collected 18 billion birr (around $663 million) during the first six moths…
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European Investment Bank invests 3 billion euro in Africa
The European Investment Bank agreed EUR 3.3 billion ($3.74 billion) of new financing in 2018 for private sector and infrastructure…
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Ethiopia provides $2.4 billion tax incentive for investors
As part of investment incentive, the Ethiopian Ministry of Revenue has provided duty free import privilege of 65 billion birr…
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EU finance Ethiopia’s job creation effort
The European Union (EU) on Thursday agrees to provide 130 million euros to Ethiopia in support of the country’s effort…
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Ethiopia PM discusses reform with bankers
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms…
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Ethiopia banks capital hikes 8%
The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at…
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Ethiopian Airlines, Hibret launch co-branded debit card
Ethiopian Airlines and Hibret Bank of Ethiopia have launched the first Co-branded debit card tailored to provide Ethiopian Sheba Miles…
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Ethiopia collects $3 billion tax in five months
The government of Ethiopia has collected 83 billion (close to $3 billion) in the first five months of starting July…
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Ethiopia captures cash smuggling woman
Continuing its fight against illicit financial outflows, the government of Ethiopia’s customs authorities on captured a woman who was smuggling…
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AfDB approves $1489 million private sector credit enhancement facility
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved…
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