Thursday, June 1, 2023

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.


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

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

Kenya’s GMO plans disrupted, but Ethiopia pushes forward with testing

The Kenyan government's move to import Genetically Modified Organisms...

Conflict pushes 3m deeper into poverty

GDP contracted by 25.9% because of the war in...

Congressman advocates for Ethiopia’s exclusion from AGOA, international lending

Member of the United States Congress wants Ethiopia to...