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National Bank Clamps Down on Concentrated Credit with Directive Revamp

The National Bank of Ethiopia has taken major steps to overhaul the country’s banking regulations in a major move said to strengthen financial stability and align with international standards.   NBE has revised five key directives governing areas such as risk management, governance and financial reporting in line with global best practices as outlined by […]

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A Struggle for Survival

Ethiopia’s MSMEs Strained by Input Costs and Financing Woes By Yared Seyoum Abraham Tewedaj sighed as he surveyed his small poultry farm at Ferensay Legasion, Addis Ababa. When he had started this business three years ago with a microloan, there was optimism for expansion. But now, with limited space and no access to more financing,

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Look to Scale Up, Minister Urges, as Hand-to-Mouth Gold Gains Fall Shy

Ethiopia’s gold exports have remained lukewarm as the country remains highly dependent on artisanal and informal miners, according to Habtamu Tegegn, Minister of Mines. Speaking to parliament today during his presentation of the ministry’s nine month report, Habtamu  said that while Ethiopia has an estimated potential of mining 500 tons of gold annually, this is

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Non-Interest Needs, Interest Realities

By Yared Seyoum The introduction of Islamic banking services in Ethiopia can be traced back over a decade, beginning as a solution to the financial needs of the country’s sizable Muslim population. As early as 2007, community delegates raised the issue with government officials, requesting permission to establish interest-free options conforming to Shariah principles. A

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Walking with Fear

By Yared Seyoum Blind Pedestrians Face Threat on Addis Ababa’s Roads Hailemariam Tsegaye sighed heavily as he woke up for another day. The 37-year-old was born blind, and navigating the busy streets of Addis Ababa on his own was a daily struggle. Without a cane or guide, it was difficult to cross roads or know

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Ethiopia’s Holidays Drive the Economy, But Lack Reliable Data and Analytics

By Zelalem Tamir Holidays are major sources of amusement and celebration in Ethiopia. For children, the anticipation of new clothing to wear during holidays is always a source of great excitement in the weeks and days leading up to festivals like Easter, Christmas, and Eid. The colorful and stylish new outfits provide a confidence boost

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