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Ehiopia: CBE Posts Birr 38.7 Billion Net Profit as Non-Interest Income JumpsBanking and FinanceEhiopia: CBE Posts Birr 38.7 Billion Net Profit as Non-Interest Income JumpsThe Commercial Bank of Ethiopia (CBE) reported Birr 38.71 billion in net profit for the 2025/26 financial year, supported by strong growth in both interest and non-interest income.Sep 7, 20260 views
Ethiopia: Addis Ababa Revenue Bureau Steps Up Inspections Over Suspected Vehicle Tax EvasionBanking and FinanceEthiopia: Addis Ababa Revenue Bureau Steps Up Inspections Over Suspected Vehicle Tax EvasionThe Addis Ababa Revenue Bureau has announced plans to intensify warehouse and vehicle inspections as part of a crackdown on suspected tax evasion involving car importers and commission based vehicle dealers in the capital.Sep 4, 20260 views
Ethiopia, IFC Agree to Establish Birr 100 Billion Mortgage Refinance CompanyBanking and FinanceEthiopia, IFC Agree to Establish Birr 100 Billion Mortgage Refinance CompanyEthiopia has signed a cooperation framework with the International Finance Corporation (IFC) to establish a mortgage refinance company aimed at expanding access to housing finance and addressing liquidity constraints in the banking sector.Sep 3, 20260 views
African Union to Launch Continental Credit Rating Agency in OctoberBanking and FinanceAfrican Union to Launch Continental Credit Rating Agency in OctoberThe African Union is set to launch a new continent wide credit rating agency in October as part of efforts to address high borrowing costs faced by African governments and strengthen the continent’s role in reforming the global financial system.Sep 1, 20260 views
National Bank Establishes Central Shari’ah Advisory Board to Strengthen Ethiopia’s Interest Free Banking SectorBanking and FinanceNational Bank Establishes Central Shari’ah Advisory Board to Strengthen Ethiopia’s Interest Free Banking SectorThe National Bank of Ethiopia (NBE) has announced plans to establish a central Shari’ah Advisory Board to strengthen governance and oversight of the country’s growing interest free banking sector.Aug 24, 20260 views
Ethiopia Moves Closer to Eurobond Debt Restructuring After Official Creditors Approve Preliminary DealBanking and FinanceEthiopia Moves Closer to Eurobond Debt Restructuring After Official Creditors Approve Preliminary DealEthiopia has moved closer to completing the restructuring of its USD 1 billion Eurobond after official creditors approved a preliminary agreement reached between the government and private bondholders, the Ministry of Finance announced.Aug 24, 20260 views
Ethiopia: Siinqee Bank Reports Birr 10.7 Billion Pre-Provision ProfitBanking and FinanceEthiopia: Siinqee Bank Reports Birr 10.7 Billion Pre-Provision ProfitSiinqee Bank reported a pre-provision profit of Birr 10.7 billion for the 2025/26 fiscal year, according to figures presented during the bank’s annual operational review held at the Ethiopian Skylight Hotel.Aug 12, 20260 views
EthSwitch Moves to Enable International Card Payments in EthiopiaBanking and FinanceEthSwitch Moves to Enable International Card Payments in EthiopiaEthSwitch S.C., operator of Ethiopia’s national payment infrastructure, has opened an international settlement account with Bank of Abyssinia as part of efforts to connect the country’s payment system with global card networks.Aug 10, 20260 views