Thousands Face Layoffs As State Bank, Commercial Nominees Scrap Opaque Outsourcing Deal
Labor union considering litigation A labor union representing the workforce of a subsidiary of the…
adminSeptember 5, 2024
Ezana Mining Propositions Central Bank For Credit Cap Exemption, Special Privileges
In a bid to break up the entrenched illicit gold trade in Tigray and revive…
adminAugust 21, 2024
AfDB Approves $40 Million Trade Finance Transaction Guarantee Facility To Dashen Bank
The Board of Directors of the African Development Bank Group has approved a USD 40…
adminAugust 10, 2024
World Bank Nods To USD 1.5bln Ethiopia Policy Operation
The World Bank has approved the disbursal of a USD 1.5 billion package for the…
adminAugust 1, 2024
Central Bank Adjusts Gold Purchase Price, Again
The National Bank of Ethiopia (NBE) has announced yet another change to its gold purchase…
adminJuly 31, 2024
Ahadu Bank Reports First Taste Of Profits
Paid-up capital up to 1.03 billion birr The shareholders of Ahadu Bank breathe a sigh…
adminJuly 11, 2024
Central Bank Revamps Monetary Policy
Governor Mamo Mihretu has announced a rework of the National Bank of Ethiopia’s (NBE) monetary…
adminJuly 10, 2024
Foreign Ministry Incensed Over Mounting Bank Forex Conversion Fees
Half a billion birr paid out over the last year alone Officials at the Ministry…
adminJuly 1, 2024
Legislation Looks To End Central Bank Lending To Government
Draft proclamation proposes raising NBE authorized capital to 20 billion birr Amendments under an upcoming…
adminJune 23, 2024
Private Businesses Swimming In Credit As Policy Bank Switches Gears
Three firms account for nearly half of 25 billion in DBE disbursals this year Lemi…
adminJune 11, 2024
