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News

Ethiopost stamps priority to mobile money

By Metasebia Teshome Ethiopia Postal Service Enterprise shifts its plan to open its own postal bank to mobile money as its financial status is not...

NBE revises credit directive, agriculture sector to reap benefits

The National Bank of Ethiopia (NBE) revises the external loan and supplier’s credit directive for the third time in less than 15 months. The...

Tele knits strategy to set pace as digital solutions provider

75 billion birr in revenue projected in 2022/23 Ethio Telecom rolls out a new three year development strategy called LEAD, which is said to...

MFIs transition to banks triggers financial sector dips

The evolution of some dominant microfinance institutions (MFIs) to banks fizzle the number of MFIs in the sector. Following the green light from the National...

ESLSE’s Jigjiga vessel marks new record in containerized cargo

The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) vessel sets a new record on containerized cargo shipment to Berbera Port. It is recalled that ESLSE’s...

CBE signals optimism as gov’t projects approach final phase

The coming to conclusion of ongoing mega projects has loosened the shoulders of public owned financial giant, Commercial Bank of Ethiopia (CBE) which is...

EIC fortifies strategy as financial sector opens up

The state owned insurance giant, Ethiopian Insurance Company (EIC), discloses that it has carried out a strategy to cope up with the opening up...

Ethiopia preps for third round nationwide polio eradication campaign

Ethiopia plans to launch a massive integrated preventive Polio campaign nationwide. Health minister Dr. Lia Tadesse met on August 31 with Rotary National Polio Plus...