Ethiopia opens door for foreign mortgage banks
The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks engaged in financing…
Finance
Ethiopia tax income up 17 percent
The Government of Ethiopia has collected a total of 149.2 billion Birr the first six months of current…
Addis Bank profit increases to 274 million Birr
Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2…
Zemen Bank profit surpasses one billion Birr
Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16…
Wegagen Bank of Ethiopia profit up 46 percent
During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has…
Commercial Bank of Ethiopia awards apartments, trucks to customers
Commercial Bank of Ethiopia awarded two apartments, three trucks, and 17 automobiles, 34 three wheels to its customers…
Hibret Bank of Ethiopia profits grows 15 percent
Compared with the previous financial year annual gross profit of Hibret Bank, one of the sixteen active private…
Nib Bank profit increases by 381 million Birr
Compared with the previous year’s performance, gross profit of Nib International Bank, one of the 16 private banks…
Dashen Bank profits about 1.8 billion Birr
Dashen Bank Share Company, one of the 16 private banks operating in Ethiopia, has reported annual gross profit…
Berhan Bank profit increases 22 percent
Compare with the previous budget year gross profit of Berhan Bank of Ethiopia has increased by 22 percent…
Bunna Bank of Ethiopia profit declines 6 percent
Compared to the previous year, annual profit of Bunna International Bank of Ethiopia has declined by about 43…
Debub Global Bank profit up 33 percent
Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased…
Study advices Ethiopia not to rush to banking liberalization
As oppose to the push by the international financial institutions, a new study by the renowned professor of…
Ethiopia collects $2.83 billion tax in four months
The Ministry of Revenue has collected a total of 107 billion Birr ($2.83 billion) during the first four…
Bunna Bank rewards hard currency generating customers
By Sisay Woubeshet – Bunna International Bank, one of the 16 private banks in Ethiopia, today awarded customers…
Ethiopia set to introduce centralized bank borrowers database
With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a…
World Bank to provide $400 million to Ethiopia
The World Bank today inked an agreement with the Ministry of Finance of Ethiopia to provide $400 million…
World Bank approves $400 million grant to Ethiopia
The World Bank approved a grant of $400 million to support Ethiopia Urban Productive Safety Nets and Jobs…
State companies in Ethiopia generate $8.2 billion revenue
The state enterprises in Ethiopia have generated a total revenue of over 300.5 billion birr (about $8.2 billion)…
World Bank grants $80 million to Ethiopia
The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern…
Tax abuse, money laundering, corruption plague global finance
Governments must do more to tackle tax abuse and corruption in global finance, says a panel of former…
Ethiopia honors 200 loyal taxpayers
The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year…
Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of…
Awash Bank of Ethiopia profit increases by 900 million birr
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime…
Ethiopia secures $4 billion project financing from abroad
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its…
Ethiopia increases annual tax revenue 18 percent
The Government of Ethiopia has increased its annual tax revenue for the budget year concluded July 7, 2020…
Ethiopia allows local banks to borrow from foreign banks
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that…
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…
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…
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…