Friday, October 7, 2022
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    Tag: Banking

    LC payment defaults pile as forex retention shrinks

    Banks stop approving new LCs Commercial banks stuck between a rock and a hard place as they fail to settle the payment of the Letter...

    Central bank to determine business composition of MFIs-turned-banks

    The National Bank of Ethiopia (NBE) is set to conduct assessments to determine the business composition of MFIs that recently transformed into banks. Officials at...

    Ethiopia’s Central Bank agrees to swap currency with African countries

    The regulatory body will tap into Afrexim Bank’s Currency SWAP program The National Bank of Ethiopia (NBE) expressed its interest to be part of Afrexim...

    New strategy quadruples CBE’s private sector loan share

    CBE eyes two trillion birr in assets The Commercial Bank of Ethiopia (CBE) introduced a new strategy to increase the share of the private...

    Wegagen expects profit to reach pre-war level in 2022

    Wegagen Bank said its profit would reach pre-war level once the security situation improves in Northern Ethiopia, a development that forced it to experience a sharp fall in earnings.

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    Women Returnees in Coke Kiosks Biz

    Aster Tesfaye is a returnee from Saudi Arabia and...

    Central Bank freezes accounts of 392 ‘currency dealers’

    The National Bank of Ethiopia ordered banks to freeze...

    Ethio telecom to face stiff competition as Safaricom launches service in Addis

      - Managers of Safaricom say there is no plan...

    To end war in North Ethiopia, AU schedules peace talks in South Africa

    - Ethiopia's gov't accepted the invitation   The African Union invites...

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