Ecobank launches pan-African fintech training, awards for journalists
Ecobank Group, the leading Pan-African banking Group, today announced a partnership with AMA Academy, which is the only…
Finance
Ethiopia finally opens door for foreign banks
During its weekly meeting, the Council of Minister of Ethiopia today approved the long-awaited policy that allows foreign…
Development Bank of Ethiopia makes 3.9 billion Birr profit
The state-owned Development Bank of Ethiopia has generated a gross profit (before tax) of 3.9 billion Birr year…
Accra set to host digital finance, crypto conference
As the rapid growth of fintech continues and the birth of decentralized finance (DeFi) grows across Africa, leading…
Ethiopia secures 50 billion Birr from tax dodgers, contrabandists
Out of the total 336.7 billion Birr annual tax income of Ethiopia for the budget year concluded July…
Ethiopia achieves 94 percent tax revenue target
The Ministry of Revenue of Ethiopia has said it has achieved its 93.53 percent of its tax revenue…
IMF AFRITAC East steering committee completes 24th meeting
Chaired by Mr. Fikadu Digafe, Vice Governor and Chief Economist of the National Bank of Ethiopia, the International…
Ethiopia approves 786.6 billion Birr budget
The Ethiopian Parliament today approved 786.6 billion Birr total budget for the 2015 Ethiopian budget year that begins…
Kehali organizes its first Ethiopian banking forum
Kehali Strategic Advisory Services PLC, a recently established private companmy in Ethiopia, organized its first Ethiopian Banking forum…
Ethiopia takes another step to establish security exchange
The Ministry of Finance of Ethiopia, the new state enterprise Ethiopian Investment Holding (EIH), and FSD Africa today…
Ethiopia tax income up 17 percent
The Ministry of Revenue of Ethiopia said it has collected around 248.6 billion Birr tax revenue during the…
Ethiopia outstanding treasury bills up 500 percent
Ethiopia’s Government total outstanding treasury bills (T-bills) has increased by close to 500 percent in 2020/21 to 116.6…
Ethio Lease transfers ownership of high-tech ophthalmic surgical microscopes
Ethio Lease, the first privately held equipment leasing company in Ethiopia on Friday transferred a state-of-the art Ophthalmic…
Ethiopia banks lending increases 21 percent
The amount of fresh loans disbursed by all Ethiopian banks in Ethiopia last year concluded June 30, 2021,…
Credit to micro, small businesses in Ethiopia declines 34 percent
Credit to micro and small enterprises in Ethiopia has declined by 34 percent during the last budget year…
Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo…
Islamic Finance, Halal economy are forecast to grow – research
A new research with leading Islamic Finance professionals shows they expect strong growth for the wider Halal economy…
Why Africa is the new frontier for venture capital
By Andualem Sisay Gessesse- Studies show that the practice, skills and knowledge of Venture Capital (VC) in Africa…
Ethiopia revising policy to open door for foreign banks
Indicating that the Government of Ethiopia is engaged in policy revision to open its doors for foreign banks,…
Ethiopian bankers advised to start uncollateralized lending
Data expert with hands in digital financial sector for over a decade in East Africa, Hartnell Ndungi, advised…
Pandemic recovery requires access to credit to households, businesses
The flagship report of the World Bank, ‘World Development’, which focused on finance, advised that recovery from the…
Coalition announces $5.55 billion financing for African enterprises
The coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development…
Global leaders to discuss financing inclusive post-COVID world
Global leaders are set to discuss how to finance a more resilient, inclusive post-COVID world at the International…
African Development Fund grants $11 million for African Union Commission
The African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund…
Ethio Lease appoints Degol Gossaye as CEO
The Board of Directors of Ethio Lease Ethiopian Capital Goods Finance SC announced that it has appointed Degol…
Ethiopia tax income up 15 percent
The tax income of Ethiopia during the first six months of the current year started July 8, 2021…
Ethiopia introduces collateral free digital lending
Cooperative Bank of Oromia (CBO) and Kifiya Financial Technologies today launched Michu, its first collateral free digital lending…
Ethiopia collects 147 billion Birr tax in five months
The Ministry of Revenue of Ethiopia has collected a total tax of 147.3 billion Birr during the first…
Ethiopia receives $1.64 billion from diaspora in five months
Ethiopian Diaspora Agency said that Ethiopians in the diaspora have sent home $1.64 billion remittance in five months…
Oromia Bank nets 872 million Birr annual profit
Oromia International Bank, a private financial institution in Ethiopia which recently rebranded itself as, Oromia Bank, has announced…