May 21

• Ethiopia: Ethio Life Insurance Introduces New Product

  Ethio Life & General Insurance Company will officially launch a new microinsurance product labelled "Women Specific Group Credit Life Insurance" on May 2013. Read more »

• Ethiopia: ETH Switch Opens Financial Proposals of Two Firms

  The development of a national Electronic Funds Transfer System will make inter-bank processes easier Read more »

May 14

• Ethiopia: All Banks Must Report Suspected Fraud in Five Days

  The National Bank of Ethiopia (NBE) will soon start requiring all banks operating in Ethiopia to report actual or attempted fraud to them within five days. Read more »

• Ethiopia: CBEs VP Leaves to Commodities Exchange

  Belay had been with the CBE for 13 years, starting out as a clerk three years after graduating from Addis Abeba University. He got his Master's degree in Business Administration... Read more »

• Ethiopia: Insensible Banks Drive Money Scarcer [opinion]

  The compelling directive of the National Bank of Ethiopia (NBE) that requires private commercial banks to set aside 27pc of their new disbursements for bill purchase has brought a... Read more »

May 7

• Ethiopia: Awash Bank Set to Announce ATM Bid Winner

  Although the banking sector is going through modernization, cost and network issues concern some banks Read more »

• Ethiopia: Black Hole - Remittances Continue Rise but People Still Turn to Black Market

  The last few days before Easter are busy at most banks, crowded by people that visit the branches to send or receive money. Read more »

April 30

• Ethiopia: Lingering Redemption

  Abebaw Desta, shareholder of Star Business Group, Minweyelet Atnafu, shareholder of Star Business Group, and Tekalegn Gedamu, former executive of BoA Read more »

April 22

• Ethiopia: NBE to Undergo Million-Dollar Update

  The National Bank of Ethiopia (NBE) is acquiring IBM hardware and database solutions for close to a million dollars from local suppliers Afcor PLC. The two parties inked a deal on... Read more »

April 16

• Ethiopia: United Insurance Picks Zamra for the Construction of Its HQ Structure

  United Insurance Company SC (UNIC) has awarded Zamra Construction PLC a 140 million Br contract for the structural construction of its new headquarters, on Churchill Road, in Arada... Read more »

• Ethiopia: NBE Orders Insurance Companies to Raise Paid Up Capital Ten Fold

  The National Bank of Ethiopia (NBE) has issued a long-awaited directive aimed at increasing the minimum paid-up capital required to establish an insurance company to 75 million Br.... Read more »

• Ethiopia: United Bank Shares Attracts 76 Percent More Than Par Value

  United Bank has floated a week long public auction to sell off 18,514 subscribed shares that were not paid for. Read more »

April 8

• Ethiopia: Access in 'Bank Run' State!

  It was at this site a revolutionary technology of building apartments using light gauge structures was first planned. Left to its fate for over a year now, another apartment built... Read more »

• Ethiopia: What If Banks Were to Cultivate Potatoes? [opinion]

  Since the 1994 opening of the financial sector, Ethiopian banks have enjoyed high profits and steady growth. Even government-owned banks, such as the Commercial Bank of Ethiopia... Read more »

April 5

• Ethiopia: Zemen Bank Distances Itself From Access, Holland Car Creditors

  Zemen Bank's management has distanced itself from alleged risky exposures in relations to creditors and depositors that have recently faced financial and management difficulties. Read more »

• Ethiopia: Zemen Bank Distances Itself From Access, Holland Car Creditors

  Zemen Bank's management has distanced itself from alleged risky exposures in relations to creditors and depositors that have recently faced financial and management difficulties. Read more »

April 2

• Ethiopia: CBE Says Foreign Reserves Sufficient

  Despite private bank complaints over shortages, central bank officials suggest that utilisation is the issue, not supply Read more »

• Ethiopia: Love Banks, Avert Bankers [opinion]

  Public discourse is rarely nuanced. The public's attention span is short, and subtleties tend to confuse. Better to take a clear, albeit incorrect, position, for at least the... Read more »

April 1

• Ethiopia: ADIB to Modernise Its Data Centre

  Addis International Bank (AdIB) selects Net & Com to modernise its data centre and network system last week. Net & Com won the tender floated by the Bank six months ago, in... Read more »

March 25

• Ethiopia: CBE Earns Br3.7 Billion Profit Within Six Months

  Commercial Bank of Ethiopia (CBE) registered a 3.7 billon Br profit before tax in the first six months of the current fiscal year, which is 14.5pc lower than the plan.  The... Read more »

• Ethiopia: NBE Permits Banks to Engage in Non-Banking Businesses

  The bill, meant to repeal the 1996 directive, entitled 'Limitation on Investment of Banks', now allows banks to directly engage in businesses not related to banking, provided... Read more »

March 11

• Ethiopia: Motherly Joy

  Enat Bank, the latest bank to join the industry, has opened doors for operation last week. Read more »

• Ethiopia: The Launching of a Commercial Bank... [column]

  How often does this country see the launching of a commercial bank? Not as frequently as the case would have been two years ago. And, when was the last time a Prime Minister graced... Read more »

March 5

• Ethiopia: Central Bank's New Policy Measure Furthers Economic Pain [editorial]

  Whereas the world was being rocked with the domino effect of the financial and economic crises,Africa had its own narrative for its relatively better position. This narrative... Read more »

• Ethiopia: Thoughtless Regulation Further Drains Banks [column]

  The National Bank of Ethiopia (NBE) recently reduced the reserve requirement of banks to just five percent. This is the second time in two years that the regulator has implemented... Read more »