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IMF projected Ethiopia’s economic growth to be 3.8% in 2022
Spread the NewsThe International Monetary Fund (IMF) announced that it has predicted Ethiopia’s economic growth to slow in 2022 because of the impacts of internal conflict and pandemic. IMF has issued its Regional Economic Outlook for Sub-Saharan Africa this week. In the report, IMF predicted that Ethiopia’s economy will grow at a rate of 3.8%…

Ethio telecom, Ministry sign partnership agreement to settle payments via telebirr
Spread the NewsEthio telecom and the Ministry of Trade and Regional Integration signed a partnership agreement with the Ministry of Trade and Regional Integration, which will enable integration of businesses to settle fees for trade registration, license and trademark related services in a convenient and secured manner. The agreement was signed on Monday at Ethiopian…

Awash insurance collects premium of over 1.28 bln Birr
Spread the NewsAwash Insurance Company S.C said Saturday that it has collected a premium of over 1.28 billion Birr in 2020/21 budget year. The company has collected over 962.2 million Birr premium from the general insurance services, which registered a 23 percent growth from the previous year. Awash Insurance had also received 332.6 million Birr…

ATEX, a boost for intra-Africa trade
Spread the NewsAfrican countries should use the innovative Africa Exchange Trade Platform (ATEX) and boost digital trade in critical commodities under the Africa Continental Free Trade Area (AfCFTA). ATEX is a digital business-to-business (B2B) and business-to-government (B2G) exchange platform developed by ECA and the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission…

Hibret Bank rewards hard currency generating customers
Spread the NewsHibret Bank Share Company (S.C.) has awarded its lucky hard currency generating customers on Thursday. Hibret Bank awarded its customers during the second round of “Save and get awarded” program, which was held at its headquarters around Senga Tera, a financial district in Addis Abeba. Melaku Kebede, CEO of Hibret Bank S.C. extended…

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…