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Jan 1 , 2023

Amhara Bank Raises 20b Br Capital

Amhara Bank shareholders voted to raise the paid-up capital to 20 billion Br in the first annual general assembly. Out of the projected 20 billion Br capital, 55pc is allotted for existing shareholder...

Jan 1 , 2023

Lion Bank Reveals Micro Loan App

Lion Bank clients enjoy accessing microcredits through an application dubbed Alegnta. The App has already started giving service to the Bank's employees starting four months ago, providing loans wi...

Jan 1 , 2023

Afar Regional State Boosts Agri Irrigation

Agricultural productivity through irrigation is boosted in the Afar Regional State as the federal government hands over 500 water pumps and 30 tractors. The Regional State President Awol Arba recei...

Jan 1 , 2023

Peace Deal Sounds Echo at Djibouti Port

The November peace deal holds the promise of reinvigorating port traffic for the country handling 93pc of Ethiopia's import and export trade. According to the IMF report, Djibouti's highly indebted ec...

Dec 24 , 2022

Porcelain Hustling

Street vendors offer up second-hand ceramic and bathroom products around Urael church in the capital. Nine out of ten Ethiopians do not have access to sanitation facilities rendering cholera outbreaks...

Dec 24 , 2022

SWEEPING SYMPATHIES

Left) Genet Hagos, deputy president of Enat Bank, Fiseha Habtemariam, president of Purpose Black, Eyuel Kassahun, president of Endezega (Right) Enat Bank, Endezega Project and Purpose Black Initia...

Dec 24 , 2022

Cashless Horizons

A lonely street juxtaposes the Addis Abeba Science Museum with the skyscraper of the Commercial Bank of Ethiopia (CBE) around Taytu Street. The global push towards digitisation has gripped Ethiopia in...

Dec 24 , 2022

US Pledges $55b to Africa

Trade, investment, peace and security challenges in Africa are considered the core challenges over the next three years through the eyes of the United States. Following the US-Africa summit, the Un...

Dec 24 , 2022

Print, Packaging Expo Comes Live

Industry experts, professionals and buyers were gathered last week to explore the paper, commercial printing and packaging technology and solutions at an international tradeshow expo. Dubbed Afri Prin...

Dec 24 , 2022

US Supports Women Entrepreneurialism

Indiana, Debre Markos, and Bahir Dar universities joined to host a workshop last week, funded with a 600,000 dollars grant from the US. Women from Bahir Dar and Debre Markos universities have particip...

Dec 24 , 2022

Tsehay Bank Aspires to Rise to 5b Br Equity Before Deadline

Shareholders of Tsehay Bank, a fourth-generation bank, voted to raise its paid-up capital to five billion Birr until 2024, a couple of billion short of the minimum required capital set by the central...

Dec 24 , 2022

Farmers Foresee Digital Payment Transactions

Farmers are set to buy agricultural inputs such as fertilisers through the digital payment systems of the Commercial Bank of Ethiopia (CBE). The Bank has partnered with the Oromia Cooperatives Agency...

Dec 24 , 2022

Ethiopian Eyes $281m Worth Boeing 737 MAX

US EXIM (export-import) Bank has dolled out 281 million dollars in capital guarantees to finance the purchase of Boeing 737 MAX aircraft by the Ethiopian Airlines Group. The Bank supports the American...

Dec 24 , 2022

Policy Bank Embarks on Bankable Idea Financing

A four billion Birr fund that promotes startups was revealed by the Development Bank of Ethiopia last week. According to the President, Yohannes Ayalew (PhD), the new fund is expected to provide seed...

Dec 17 , 2022

Ministry Revokes Credit Supply Permits for Truck Imports

Hundreds of companies, including TAF Oil, National Cement and the state-owned Ethiopian Shipping & Logistics Enterprise (ESLE), saw their permit to import trucks through a supply credit scheme rev...

Dec 17 , 2022

Silver Jubilee

Left)Yusuf Reja, founder of Ethio Jobs, accompanied by Nebiyat Yusuf, manager at Meridian SAS Ethiopia and Nigusu Tilahun, deputy minister of Labor & Skills (Right). Ethio Jobs which is part of I...


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