Monday, September 26, 2022

    Author Name

    Dawit Taye

    Total Articles by the Author

    52 ARTICLE

    Central bank raises insurers’ minimum paid-up capital by six-fold

    Only seven insurers meet the new threshold The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised...

    Corporation reimburses record high insurance claims

    Aviation calamity costs EIC 3.8 billion birr The Ethiopian Insurance Corporation (EIC) settled 5.4 billion birr in insurance claims during the just ended 2021/2 Ethiopian...

    To survive foreign competition, central bank governor suggests mandatory mergers, acquisitions

    The bankers' association is upset about the tax on recapitalized dividend The National Bank of Ethiopia (NBE) plans to enforce mergers and acquisitions on local...

    CBE grosses 27.5 bln birr profit last year

    The Commercial Bank of Ethiopia grosses 27.5 billion birr profit during the just-ended fiscal year. It is 43 percent higher than the Bank's profit...

    Fuel dealers demand gov’t to quintuple profit margin

    Gas station owners demand the government to increase profit margins to 1.20 birr per liter within a week. It is a five-fold increase from...

    Kazanchis to get 44 storey tower with 13 bln birr budget

    CCECC is contracted to undertake the construction Quara Manufacturing Plc contracted China Civil Engineering Construction Company (CCECC) for 13 billion birr to construct a twin...

    Corbetti undergoes ownership change

    Owners of Corbetti Geothermal WorldCo have sold their shares to a blend of new companies. Meridiam has become the major shareholder, overtaking from Berkeley...

    Fuel imports to surpass USD 5.6 billion, Bahrain company wins contract

    Vitol, Kuwait government to supply fuel for the upcoming budget year Ethiopia is likely to spend USD 5.6 billion to import fuel next year, twice...

    Two chamber officials defect on after a trade fair

    Secretary General of Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), Yusuf Ademnur as well as Binam Misgina, head of the trade and investment department at ECCSA failed to return to Ethiopia. The two officials tendered their resignation from the US.

    Dashen Bank’s Board Chairperson Resigns over “Personal Reason”

    Dashen Bank announced the resignation of its board chairperson, Neway Debebe, as of last week. The Bank said the resignation is due to personal reasons.


    KEFI slates 1 billion birr for resettlement at Tulu Kapi

    TDB and AFC to finance the USD 300 mln...

    Bill forces mobile money companies to pay a license fee

    Safaricom prepares to switch on Addis in early October The...

    Report exposes myriads of malpractices in educational institutions

    Budget allocated by the Ministry of Education for public...

    News in Brief

    Ethiopia to takeover UNSC presidency in September Ethiopia will take over the presidency of the United Nation Security Council (UNSC) in the coming month of September.