Ethiopia 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.
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The 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.
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Ethiopia 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.
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The 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.
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Siinqee 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.
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