Wegagen and Oromia banks opened branches dedicated to interest-free banking (IFB) service at the end of last week. Named Bilal, Oromia's branch was inaugurated on March 12, 2020. The branch is located at the Bank's headquarters located on African Avenue. Oromia has been providing window interest-free banking services since 2013. Wegagen Bank inaugurated its interest-free banking branch named Alnejash at Bole Michael area on March 13, 2020. The two banks join Bank of Abyssina, Awash Bank, Commercial Bank of Ethiopia, Cooperative Bank of Oromia and several other banks that have already opened interest-free branches. The National Bank of Ethiopia (NBE), which used to limit the interest-free banking service to a window service for years, issued a directive that allowed the establishment of full-fledged IFB branches in June.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
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...
