
Similar Posts

Timely funding, response critical as Ethiopia’s agriculture sector recovers from multiple disasters
Spread the NewsBy Fatouma Seid Agriculture is a source of livelihood for over 80 percent of the population in Ethiopia. However, the sector has faced complex and overlapping threats over the past decade. Since 2019, the country has been responding to the worst desert locust invasion in over 25 years. Although the invasion has subsided,…

Nib International Bank expands core-banking services
Spread the NewsNib International Bank (NIB) said Wednesday that it has expanding its core banking technology services, which are part of the banks five years strategic plan. Genene Ruga, President of NIB announced in a press conference on Wednesday held at the new Headquarters of the Bank said that one of the pillars of the…

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22
Spread the NewsGoh Mortgage Bank Share Company, the first mortgage financial firm, has planned to disburse a loan amounting 1 billion Birr in 2021/22 fiscal year. The bank has set a goal to collect 1.3 billion Birr saving in the fiscal year. Goh Mortgage Bank also sees opening 60 branches across Ethiopia in five years,…

Some facts about Commercial Bank of Ethiopia
Spread the NewsSome facts about Commercial Bank of Ethiopia CBE started operation with an initial capital of 1 million Maria Theresa Thaler (MTT). Commercial Bank of Ethiopia (CBE) had 43 employees when it started operations in 1942. The first headquarters of the Bank was first constructed during in the reign of and inaugurated by…

Association contemplates strike if conditions not improved
Spread the News The Ethiopian Bulk Fuel Transport Owners’ Association announced Thursday that it will implement a strike in ten days if problems would not be resolved by the government. The number of trucks which transport fuel from Djibouti port has dwindled to 2500 from 3500 that showed a 20% decline. The Association held its…

Enat Bank reports gross profit of 289 mln Birr
Spread the NewsEnat Bank Share Company has reported a gross profit of 289 million Birr in the concluded fiscal year in June 30, 2021. Its paid up capital has also grew to 1.5 billion Birr from 1.3 billion Birr in the previous year. Meanwhile, its total assets hs reached 14.6 billion Birr. “The number of…