The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September …
Importers of agricultural machineries and inputs are eligible to access loans from external lenders, following a directive amendment by the National Bank of Ethiopia (NBE). The amended directive, which came …
Cotton growers in Ethiopia resort to unauthorized GMO cotton illegally smuggled from Sudan. Bt-RR cotton seed is currently being cultivated in Afar, Metema, Benishangul Gumuz and Gambella regions after being …
Afrexim Bank is guaranteeing the import of 745 trucks payable by four local banks on behalf of Ethiopian transport businesses with a USD 63 million loan. Afrexim Bank guaranteed Jampur …
The National Bank of Ethiopia (NBE) is deliberating on taking bankers’ non-performing loans (NPL) in Tigray off the banks’ balance sheets. The bank is working with the Ethiopian Bankers Association …
Ethiopia aims to wean local millers off state budgetary support and improve local production by selling eight sugar factories. This week, the government announced Ernst& Young LLP will advise on the …
One of Ethiopia’s wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. This will be the biggest investment he …
The Food and Agriculture Organization (FAO) of the United Nations disclosed that it is scaling up the urgent procurement of fertilizers to help farmers in northern Ethiopia sow their fields …
State owned telecom giant, Ethio-Telecom, in collaboration with Dashen Bank, has on Friday launched three different digital finance services under the motto “Financial Service for All” aimed at benefiting users with …
Hotel owners could soon face a hefty interest fee if they don’t repay the loan they secured from commercial banks as part of the stimulus package put forth by the …