Nov 21 , 2019
The National Bank of Ethiopia (NBE) ended the mandatory bond that private banks were obliged to purchase from the state-owned Development Bank of Ethiopia (DBE) today.
In place since 2011, the directive from the central bank was designed to redirect deposits mobilised by private banks, amounting to 27pc of their loans and advances. Forced to earn five percent interest on deposits on which they pay seven percent, this has remained a source of resentment to many bankers.
My Opinion | 132151 Views | Aug 14,2021
My Opinion | 128561 Views | Aug 21,2021
My Opinion | 126482 Views | Sep 10,2021
My Opinion | 124091 Views | Aug 07,2021
Jul 12 , 2025
Political leaders and their policy advisors often promise great leaps forward, yet th...
Jul 5 , 2025
Six years ago, Ethiopia was the darling of international liberal commentators. A year...
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Loading your updates...