Skip to main content
x

ZemZem raises 1.2 bln in subscribed capital

Months after it started selling its shares, ZemZem Bank – which is to be the first recognized full-fledged Islamic banking institution – has managed to raise more than 600 million birr in paid-up capital, and has registered a subscribed capital of 1.2 billion birr, The Reporter has learnt.

FederUnacoma eyes Ethiopian market

The Italian Agricultural Machinery Manufacturers Federation (FederUnacoma) aims at strengthening its presence in Sub-Saharan Africa with special emphasis on Ethiopia and Nigeria.

Vodacom eyes a slice of telecom pie in Ethiopia

With millions of customers within Africa and beyond, Vodacom Group Limited – a South African telecom giant 65 percent of which owned by the multinational Vodafone – became the latest international telecom company to visit Ethiopia as it attempts to bid for the slice of the massive Ethiopian telecommunications sector. 

260 million reasons to smile

The fastest growing airline in Africa, Ethiopian Airlines, has earned an operating profit of USD 260 million in the 2018-2019 fiscal year that ended in June 2019.

PM picks vice governors for NBE, draws mixed reviews

Prime Minister Abiy Ahmed (PhD) has approved the appointments of three new vice governors for the National Bank of Ethiopia (NBE), Ethiopia’s central banking institution. However, the top picks for the positions has been met with mixed reaction from finance and economic experts.

Experts insist on restructured NBE

Economists and financial experts have called on the government of Ethiopia to seriously look at the state of the National Bank of Ethiopia (NBE) and consider restructuring it in time, while some going to the extent of reducing the central bank to an institution primarily engaged in undertaking money printing, an expression connoting the power of central banks to create money.

Ethiopia ranks high in investment reward score

Control Risk Consultancy, a consulting firm headquartered in London, England, in consortium with the Oxford Economics, has placed Ethiopia at the top of the chart in Africa Risk-Reward Index, which ranks countries depending on the risks and rewards for investors there.