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 Private engagement

The \Ministry of Finance unveiled what it called a “Home-Grown economic Reform” this week, spearheaded by the Office of the Prime Minister with the involvement of various policy institutions including the National Bank of Ethiopia (NBE), at an event held on Wednesday, August 28, 2019, at Sheraton Addis Hotel in Addis Ababa.

Massive state loans threaten CBE

The more than 400 billion birr loans the Commercial Bank of Ethiopia (CBE) extended to state enterprises and the government in the past years has posed a threat to the biggest bank in Ethiopia.

France pledges EUR 40 mln

In a bid to improve the current national identification system, France has pledged to provide EUR 40 million to Ethiopia to finance the pending national digital ID project, The Reporter has learnt.

Diasporas get thumbs up to venture into banking

A new draft bill, which was designed to amend the existing, restrictive banking and financial services proclamation, has been tabled before the House of People’s Representatives (HPR) offering a new regulation, which has given the green light to foreign nationals of Ethiopian origin to engage in the banking and financial services sector.

Venture capital policy on the horizon

Cognizant of the need to promote private investment in Ethiopia and to assist in the government’s effort in job creation, the Government of Ethiopia (GoE) is preparing a policy that enables the setting up of a local venture capital fund in the country.

Gov’t plans to alleviate forex crunch

The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.

Draft bill takes aim at key provisions of VAT proclamation

Enforced for the past 17 years, and in recent times becoming a tiresome affair to conduct business, a new draft bill has offered an improvement to key provisions of the VAT proclamation, vying for a more friendly business atmosphere than the one created by the existing law.

FinTech players gather in Addis Ababa

The second edition of Finnovation Ethiopia has brought together some 200 financial technological innovators and disruptors at the Radisson Blu hotel in Addis Ababa on March 11, 2019.

The gathering of FinTech players in Addis Ababa this year is part of the Fintech Africa Series which regularly gathers stakeholders and influencers in the African Fintech environment ranging from start-ups to key markets across Africa and the globe.