Hibret Bank receives ISO accreditation
Enhancing this achievement is the fact that Hibret Bank implemented the latest version of its core banking system and online banking platform in-house.
Somali Microfinance Institute agrees to join EthSwitch as ‘indirect participant’
The agreement is going to integrate SMI's services with the rest of the country's financial services as part of wider integration efforts.
Ethio Telecom launches Tele Birr
Ethio Telecom has been provided an ETB 100 billion capital for Tele Birr for now; the total capital that Ethio Telecom has access to for Tele Birr is ETB 400…
Bank of Abyssinia to launch partnership with Path Solutions
Bank of Abyssinia is Path Solutions' first client in Ethiopia.
African Development Bank seeks to finance Ethiopia’s Digital Modernisation
The fund is part of African Development Bank's Africa Digital Financial Inclusion (AFDI), a program that is a collaboration with the Bill and Melinda Gates Foundation and the governments of…
Ethiopia willing to give foreign mortgage banks access to the country’s housing market
Eighty percent of Addis Ababa falls within the ‘slum’ category, according to a report by Habitat for Humanity.
Amhara Bank feuding with commercial banks
The feud is over interest payments to Amhara Bank for using its accounts; commercial banks say they are not required to pay interest on closed accounts.
Ethiopian Capital Market update
The bill also has provisions for the establishment of an autonomous regulatory agency for the market.
AfCFTA prompts Access Bank to seek investment opportunities in Ethiopia
Ethiopia is among a list of seven other African countries that the bank plans to expand investment into, increasing the number of countries it operates in to 19.
Commercial Bank of Ethiopia awards customers for saving
The Commercial Bank of Ethiopia is the largest and most influential Ethiopian bank, consisting of over 1,600 branches and financing 90 percent of Ethiopia's mega projects.