ZemZem Bank Latest Ethiopian News

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Hijra Bank to open for business

Hijra Bank the other under formation interest free financial institution announced that it achieved the share sales at the deadline that ended on Monday November 11.
The bank has been effectively going through the formation processes for the past seven months. It has announced the one-billion-birr share sales with half of it or the 500 million birr to be paid.

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ZemZem Bank starts selling shares

ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process.

The founders of the Bank, who lobbied for the establishment of a full-fledged interest-free bank in Ethiopia, have submitted a letter to the National Bank of Ethiopia to reinstate the formation process.

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