Ethiopia: ZamZam Bank Reports Birr 148 Million Pre-Tax Profit
ZamZam Bank announced a pre-tax profit of Birr 148 million for the 2023/24 fiscal year. The bank’s total income for the year exceeded Birr 850 million.
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NBE Monetary Policy Committee (MPC) Holds its Inaugural Meeting
The Monetary Policy Committee (MPC) of the National Bank of Ethiopia held its inaugural meeting on December 31, 2024. In line with its roles and responsibilities set out in the NBE Establishment …
Lucy Powell admits there will be ‘consequences’ in dire economic warning
Leader of the House of Commons, Lucy Powell, conceded the state of the economy was "disappointing" as she insisted "we are starting to turn this oil tanker around". But, in an alarming admission, Ms …
Accident in Ethiopia Leads to 71 Deaths After Lorry Filled with Wedding Guests Plunges into river
At least 71 people have died in southern Ethiopia after an overloaded lorry plunged into a river in Sidama state. The tragic accident involving wedding party guests.
Lynchburg Lions complete candy sale
The Lynchburg Lions Club has concluded its annual candy sale that began on November 19. The club wishes to thank all those who supported the sale. A special thanks goes to the Highland County …
Lions Eye Bank
The Lions Eye Bank also functions as a public education center for eyesight, eye disease, and eye donation. For more information on Lions Clubs International, please visit their website. The Lions Eye …
What’s Cool in School: A season of peace — Bolivar-Richburg students’ Lions Club posters on display
With images of doves and the birth of Christ, Christmas is a time of peace, and in Bolivar, peace is getting a front row viewing this holiday season …
Lynchburg Lions conclude candy sale
The Lynchburg Lions Club has concluded its annual candy sale that began on Nov. 19.
Ethiopia: Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia’s Financial Sector
After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for foreign banks to enter Ethiopia’s financial sector.
Climate Investment Funds Board Backs $500 Million Ethiopia Nature Plan
The funding is expected to help restore more than 320,000 hectares of wild Arabica coffee forests, farmlands, and rangelands in the Amhara, Oromia, South Ethiopia, and Somali regions and create an …
Ethiopia: Expediting Capital Market to Realize Nation’s Overall Prosperity
Customers who need money for their business also can obtain money from share seller companies … telecom, Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the Ethiopian Insurance …
New Head of Ethiopian Investment Holdings Focuses on the Commercial Viability of State-owned Firms
When Brook Taye became chief executive of Ethiopian Investment Holdings (EIH) in August, he was taking on one of the biggest jobs in Ethiopia: reforming the country’s state-owned enterprises (SOEs).
Ethiopia eyes $700mln World Bank loan in a financial sector reform plan
Ethiopian government is eyeing $700 million in a concessional loan from the World Bank to finance the financial sector reforms, including the recapitalisation of the state-owned Commercial Bank of …
Ethiopia Shifts Ownership of 10 Firms to Sovereign Wealth Fund
The firms include Ethiopian Electric Power, Ethiopian Railway Corp. and the Development Bank of Ethiopia, which serves as a policy bank. The companies oversee mega infrastructure projects such as …
Climate Investment Funds backs plan to bolster food security in Ethiopia
Approximately 45% of Ethiopia’s coffee, the country’s main export, originates from natural forests. Credit: Noiz Stocker/Shutterstock. The board of the Climate Investment Funds (CIF) is …
Ethiopia’s Development Model Shows Cracks as Institutions Lag
Ethiopia’s development model is showing signs of strain as weak institutions and human capital constraints hold back economic transformation, threatening its …
Safaricom Ethiopia boosts services and coverage
While it’s been a holiday season in many parts of the world, it’s been a busy week for Safaricom Ethiopia – at least in terms of significant announcements involving M-Pesa services and coverage growth …
Exploring the honey routes of Ethiopia’s Tigray region
Ethiopia ‘s Tigray region, with its rugged landscapes and ancient cultures, holds a secret: the honey routes. These trails lead to some of the world’s finest and most elusive honey. This article …
Ethiopia: Authorities Suspend Three Rights Groups
Ethiopia’s partners should publicly condemn … and the important role that civil society plays in political and social life. However, the prime minister’s statement ignored the government …