Saturday, January 21, 2023
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Author Name

Dawit Taye

Total Articles by the Author

55 ARTICLE

Central bank sevenfolds microfinance capital threshold

The National Bank of Ethiopia (NBE) has introduced a new directive that compels microfinance institutions (MFIs) to meet a minimum paid-up capital requirement 75...

Government expects saving USD100 million from banning selected import items

supermarkets fear shutdown The central bank of Ethiopia expects saving close to 100 million dollar per year, from the ban imposed on selected import items.  In...

Central bank considers placing ban on Franco-Valuta

Bank statement from source country mandatory for Franco-Valuta imports The National Bank of Ethiopia (NBE) will soon place a ban on some items that have...

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...

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US demands human right investigation to reinstate AGOA privilege

The US urged the Ethiopian government to permit international...

Can further devaluation clear market distortion?

Last week, prior to traveling to the United States...

A home away from home

As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports

Opposition demands gov. intervention in Kore, Guji clash

The Ethiopian Social Democrat Party (ESDP), one of the four member parties of the coalition of The Ethiopian Federal Democratic Unity Forum (Medrek), demanded the intervention of the government to take all the necessary measures to address the recent border clashes between Kore of Southern Regional State and Guji of the Oromia Regional State.
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