Awash bank, the biggest private bank in terms of profit has managed to earn 4.19 billion birr gross profit for 2020 / 2019 fiscal year, keeping it's number one spot for the last 3 years. The bank managed to disperse… Read More
The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget year. Read More
Internet Connectivity Restored in Ethiopia on July 14, 2020 Read More
Annual solar eclipse that occurs in western and north eastern parts of Ethiopia will enable people see the characteristic ring fire around the Sun for three hours on June 21, 2020, according to Ethiopian Space Science and Technology. The event… Read More
The Council of Ministers boosts the policy bank, the Development Bank of Ethiopia (DBE), through a capital injection of 28.5 billion birr, four times the preexisting capital of 7.5 billion birr. This decision was made at the Council’s extraordinary meeting… Read More
A local food processing firm has constructed a flour and biscuit processing plant in Debre Sina town, 145Km north of the capital, with a total investment of 210 million Br. Vita Hydro Agro-Processing Plc, a sister company of Belayab Food… Read More
The National Bank of Ethiopia's (NBE) directive released today limits daily and monthly cash withdrawals of businesses to 300,000 Br and 2.5 million Br, respectively. Individual savers are allowed to withdraw a maximum of 200,000 Br a day and one… Read More