Thursday, June 8, 2023
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Author Name

Dawit Taye

Total Articles by the Author

58 ARTICLE

War causes total destruction of Sheba leathers

A 2.9 billion birr property was reduced to ashes The war in Tigray destroyed one of Ethiopia's leading leather manufacturers, Sheba Leather Industries, according to...

Amhara Insurance in pipeline with 2 bln birr capital

Promoters of Amhara Insurance are finalizing preparations to establish an insurance firm with two billion birr in paid-up capital. Amhara Bank is expected to...

New central bank’s governor reveals priorities to get economy back on feet

The newly appointed National Bank of Ethiopia (NBE) governor, Mamo Mihretu, has laid out his strategic priorities for mending Ethiopia's economy, which has been...

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...

Popular

World Bank funded Tigray recovery project in full swing

Restores education, health services The United Nations Office for Project...

Tigray schools in ruins, 3,846 students, teachers killed in conflict

The conflict in Ethiopia's Tigray region claimed the lives...

Eritrean forces still occupy several woredas and kebeles in Tigray, officials

They demand to ensure the sovereignty of the country...

Budget growth hits the brakes

The Council of Ministers has approved an 801.6 billion...
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