The National Bank of Ethiopia disbursed 100 million dollars in foreign currency to the 16 private commercial banks. The allocation, which took into consideration their capital positions, was done to ease the shortage of forex for their clients. Among the banks, Dashen Bank has received 15.1 million dollars, while Berhan, Debub Global and Zemen banks have received 12.6 million, one million and four million dollars, respectively. “It shows that a new approach is coming to grips with the banking sector,” said Addisu Haba, president of the Ethiopian Bankers Association and president of Debub Global Bank. For a lasting solution to the problem, a solution based on studies and research should be taken, Addisu adds.
October 9 , 2021
Public offices have been having a field day in the past few years. From the Prime Min...
October 2 , 2021
Ethiopia`s Parliament will pick up a Prime Minister on Monday, October 4, 2021. The i...
September 26 , 2021
There are two editions of The Economist on Africa influenced by the narrative on the...
September 18 , 2021
It could be customary to wish well for the holiday seasons. If only the New Year cele...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
August 7 , 2021
There are a few without an opinion on Ethiopia’s federal structure, which is arranged along lingo-cultu...
July 24 , 2021
There was an alarming increase in the price of Teffin August 2017. It suddenly skyrocketed from 2,000 Br...
June 26 , 2021 . By HAWI DADHI and SAMUEL BOGALE
This past Monday was the second time Belay Zerihun, a second-time voter, has had to stand in a long queue...
