New Ethiopian National Bank Directive Increased Banks Paid-Up Capital

New Ethiopian National Bank Directive Increased Banks Paid-Up Capital

Commercial banks in business have four years to increase their paid-up capital to five billion Birr. Banks under formation that have already raised an equity of over 500 million Br from the... Read more »
Ethiopia Says National Election to Be Held in June

Ethiopia Says National Election to Be Held in June

ADDIS ABABA, ETHIOPIA – Ethiopia will hold a parliamentary election on June 5, the electoral board said Friday, as Prime Minister Abiy Ahmed seeks to quell political and ethnic violence in several... Read more »
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Under Abiy, Ethiopia’s media have more freedom but challenges remain

The New Ethiopian National Bank Directives – Addis Business

The New Ethiopian National Bank Directives – Addis Business የብሔራዊ ባንክ በግለሰቦች ወይንም በኩባንያዎች ከባንክ ውጭ ከ1 ነጥብ 5 ሚሊዮን ብር በላይ ማስቀመጥ መከልከሉን አስመልክቶ የወጣውን ህግ ባለሙያዎች የተለያዩ አስተያየቶችን እየሰጡበት ይገኛል።... Read more »
Diasporas to the Rescue for Investment?

National Bank to amend laws to boost involvement of Diaspora Ethiopians in finance sector

Addis Ababa, February 20, 2019 (FBC) –The National Bank of Ethiopia(NBE) announced that it is on process to approve three draft bills tomodernize the financial sector and improve the efficiency of remittanceflows.... Read more »
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Ethiopia get ready to relaunch Zambia national airline

A joint statement with Zambia’s state-owned Industrial Development Corporation on Monday in Lusaka said that under the plan, Zambia Airways, being revived more than two decades after it was shut down, would... Read more »