The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on September 14, 2020, under the signature of Frezer Ayalew,… Read More
The private employees' pension fund agency is set to move to its new headquarters that was built for 682 million Br in the capital's neighbourhood of Megenagna. The Private Organisations, Employees & Social Security Agency (POESSA), which has been paying… Read More
According to a press report held on Oct 17, 2020 in Yod Abyssinia, a new bank called Akufada Bank s.c is under formation. According to the press report, the new bank under formation has prepared 2 million (2,000,000) shares each one… Read More
BGI Ethiopia is set to introduce a new product, SEN’Q. This is to be a nonalcoholic malt beverage from one of Ethiopia’s biggest breweries of beer after it introduced a new dark brown beer, Doppel earlier this summer to the… Read More
The State owned Enterprises (SoEs) have generated some 300 billion birr in revenues, 38 billion birr short from the targeted revenues while securing 55.66 billion birr in profits which as well short of the 70 billion birr in profit before… Read More
After series of negotiations and deliberations, the National Bank of Ethiopia (NBE) has finally given the greenlight to the national telecom company, Ethio telecom to start mobile money services. Ethio telecom has submitted its application to the NBE asking for… Read More
Hossana Bank S.C is a new bank under formation set to join the evergrowing banking sector. By organizing all of its capital, financial, technological, and human resources, the bank has reached the final stages of “under-formation” status and is awaiting… Read More
Ethiopia has unveiled new Birr notes for 10, 50 & 100 denominations, with introduction of a new Birr 200 note. The new notes are expected to fight financing of illegal activities; corruption & contraband. Read More
Here are the winning numbers for New Year's (2020)/ Enkutatash Lottery (End of 2012, beginning of 2013) Read More
Olympian Haile Gebreselassie has inaugurated his latest addition to his collection of hotels, now numbered seven, in the City of Adama. This comes as two of his hotels in Batu (Zeway) and Shashemene were recently destroyed undermining his determination to… Read More