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Wegagen Capital Investment Bank

Ethiopia’s 1st Investment Bank Wegagen Capital Kicks Off

Ethiopia’s first investment bank Wegagen Capital has formally launched operations. The launching ceremony of Wegagen Capital Investment Bank S.C. was held at Hilton hotel in Addis Ababa last night. In March this year, Ethiopian Capital… 

Oromia Bank Milkii

Oromia Bank Introduces Milkii Loan Application

Oromia Bank has released a mobile phone application called “Milkii”. Using the application, the customers can get loans without guarantee. The bank launched this application on Wednesday at a ceremony held at Hyatt Regency Hotel… 

Birr US Dollar

NBE Sells US Dollar for 135.6 Birr to Private Banks

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The National Bank of Ethiopia today held the second foreign exchange auction. It sold foreign currency especially US dollar for birr to local banks. Yesterday NBE announced that on Tuesday it would sell $60 million… 

Ethiopian Banks

NBE to Forcibly Merge Ethiopian Banks

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National Bank of Ethiopia (NBE) is working on a plan to forcibly merge local Ethiopian banks. The decision is being taken ahead of the entry of foreign banks in the Ethiopian banking industry. National Bank…