Election Board Announces Schedule for Benishangul Elections

Oct 23 , 2021

The National Election Board of Ethiopia (NEBE) has announced polling in Benishangul-Gumuz Regional State is to be held on December 30, 2021. The Regional State, which has nine parliamentary seats and 99 regional council members, was excluded from two rounds of elections held in June and September. The Board attributed this to the unstable security conditions in the area. The ruling party and opposition parties have been in dispute over the issue, unable to agree on how to administer the region as the serving period of the ruling party ended. According to the schedule from the NEBE, voter registration is slated to take place for five days beginning December 6, 2021. The Board plans to announce the final results 10 days after polling.


Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...



Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...



Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...