Tag: Finance
Analysts recommend gradual opening of stock market
Investment analysts call for the slow opening of stock exchange from less risky to more risky types of products.
Equity increases balance sheet to USD 9.3 billion
Equity has become the first bank in Eastern and Central Africa to achieve a USD 9.3 billion balance sheet, after migrating Banque Commercial Du Congo (BCDC) to Equity’s core banking platform.
Financial institutions amass 3.8 bln birr profit
Three state owned financial institutions under the supervision of the Public Enterprises Holding and Administration Agency (PEHAA) have bagged a combined 3.8 billion birr profit before tax in the first quarter of the fiscal year, the agency said.
Gov’t waives 78 bln birr in tax as part of economic stimulus package
In an effort to stimulate the economy, the government has introduced tax waivers, cost sharing measures and the like, that will benefit 80 percent of businesses affected by the coronavirus pandemic.
The Bretton Woods of our grandfathers: any hope for change?
As the world grows digital every day, in the face of unprecedented levels of lockdown and limited human interactions resulting from the COVID-19 pandemic, meeting applications like Zoom are coming to the rescue of the global society staying at home.