By Yared Nigussie Foreign banks entry to Ethiopia began during his imperial majesty Hailesilassie I regime. During the Italian invasion of Ethiopia in 1935, the Italians established branches of their main Banks namely Banca d’Italia, Banco di Roma, Banco di Napoli and Banca Nazionale del lavoro and started operation in the main towns of Ethiopia….
Prime Minister Abiy Ahmed (PhD) has been awarded as the 2022 Laureate of the Global Islamic Finance Award for efforts made in reforming Ethiopia’s finance sector. The award has been presented to PM Abiy during the Global Islamic Finance Summit (GIFS) 2022 held in Djibouti. “Ethiopia has been undertaking vast financial sector reforms which are…
Kacha Digital Financial Services Share Company (S.C.) said that it is finalizing preparatory activities to launch Sharia-compliant financial services. Yigermal Mesesha, Marketing and Business Development Manager at Kacha Digital Financial Services S.C. told Origins Business that the services are mainly intended to ensure financial inclusion of the Muslim community. Kacha is Payment-Instrument Insurer Company and…
Organized by Halal Promotion PLC, Interest-Free Finance and Economy Summit has been kicked off Thursday at Sheraton Addis Hotel. Ahmed Shide, Minister of Finance, Solomon Desta, Vice Governor of the National Bank of Ethiopia (NBE) for Financial Institutions Supervision, Mohammed Endris (PhD), Director General of Ethiopian Diaspora Service (EDS), Ambassador Birtukan Ayano, State Minister of…
Educated in the UK Yared Haile-Meskel, is an investment consultant based in Addis Abeba, Ethiopia. Yared is the founder and CEO of YHM Consulting, a transaction advisory company.Yared Nigusie of Origins Business sat down with him to discuss the liberalization of the Ethiopian financial sector and other related issues.Excerpts: Origins Media: What are the possible…
By Yared Nigussie Ethiopia is one of the last few countries in the world that kept its financial sector closed to the world. Following the political and economic reform programs being undertaken by Prime Minister Abiy Ahmed’s administration the government signaled its plan to open up the financial sector to international banks and insurance companies….
Efoyplus, an organized online real estate market place for finding and sharing updates about home, real estate, mortgage and construction inputs, has officially been launched on Tuesday. Efoyplus (efoyplus.com) mainly aims to diminish the mismatch between demand and supply of home, residential real estate as well as construction materials by offering information from various financial…
Bunna Bank has rewarded its customers, who are working in public and freight transport services. In a digitalized lottery draw program held on Tuesday at the Headquarters of the National Lottery Administration, Bunna Bank rewarded 34 lucky customers. Accordingly, two 2020 model modern automobiles, 2 three wheel vehicles, five washing machines, five refrigerators, five…
Addis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) announced Wednesday that it has signed an agreement with Hibret Bank to utilize modern financial technology. The agreement permits AACCSA to modernize its activities through the utilization of technology in the financial sector. The agreement has been signed between Mesenbet Shenkutie, President of AACCSA and Melaku…
Bunna Bank has officially inaugurated its new brand logo with brown and white colors on Wednesday. The new brand has been registered by the Ethiopian Intellectual property Office (EIPO), said the Bank. Bunna (Coffee) is Ethiopia’s brand with high social value. A new brand logo was designed by Berry Advertising PLC. “The brand logo reflects…
