The Commercial Bank of Ethiopia (CBE) on Tuesday launched CBE Connect, a new digital platform designed to combine multiple financial services in a single application and enable direct transfers from global banks to Ethiopian fintech wallets.
Ethiopia’s eurobond traded higher on Monday after the government said it has tentatively agreed on key terms for a debt workout with private bond investors.
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Nile Insurance S.C. reported Birr 560.5 million in pre tax profit for the 2024/25 fiscal year, a 16.6 percent increase from Birr 480.6 million the previous year, according to its annual report.
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The National Bank of Ethiopia (NBE) has decided to maintain its tight monetary policy stance while introducing additional measures aimed at managing liquidity and supporting price stability.
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Global Bank Ethiopia announced that its paid-up capital has reached Birr 5 billion during the 2024/25 fiscal year. The Bank noted that its paid-up capital in the 2023/24 fiscal year was Birr 2.4 billion, reflecting a growth of more than 100 percent within one year.
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