Ethiopia: Wb Approves Record-High Funding to Ethiopia

The Washington-based World Bank Group this fiscal year has approved and disbursed a historic record high funding to Ethiopia, The Reporter has learnt. According to the information obtained, this fiscal year alone... Read more »
Ermyas Amelga

Ermyas Amelga Banned from Banking Industry

The National Bank of Ethiopia (NBE) has notified Ermyas Amelga, founding shareholder and former board chairman of Zemen Bank— the only one-branch bank in Ethiopia— that he has banned from holding a... Read more »

Ethiopian Banks May Be Less Profitable as Deposit Growth Slows

(Bloomberg) — Ethiopian banks may become less profitable this year as deposit growth slows and because of a law that requires lenders to buy government securities, Access Capital SC said. Returns on... Read more »
Commercial bank of Ethiopia future headquarter building

Ethiopia’s Commercial bank deposit reaches US$ 4 billion

APA-Addis Ababa (Ethiopia) The Commercial Bank of Ethiopia (CBE) announced on Thursday in Addis Ababa that its deposit has reached around US$4 billion, which shows over US$ 70 million rise in the... Read more »
Bekalu Zelleke, president of the Commercial Bank of Ethiopia

How Much Ethiopian Bank Presidents Make?

(Addis Fortune/All Africa Global Media via COMTEX) The banking sector, comprising a total of 15 banks, is the highest performing in the country, showing a record performance every year, through boom and... Read more »

Islamic Banks to enter financial sector

Finally responding to a strong public demand, the National Bank of Ethiopia (NBE) is about to approve a directive that paves the way for the establishment of Islamic banks. The directive also... Read more »

Ethiopian Telecom Failure Forced Bank Branches Opening Delay

Ethiopia Telecommunications Corporation’s (ETC) failure to offer efficient services, especially broadband Internet, is limiting banking services in Addis Ababa to the point where banks are postponing opening new branches in Addis, Capital... Read more »