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10 January – Ethiopia launches its first stock exchange since the imperial period of Haile Selassie. [3] [4] 11 January – Somali president Hassan Sheikh Mohamud makes a surprise visit to Ethiopia following their peace agreement in Ankara. [5] [6]
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [26] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. [27] [28]
The bank started with 30 branches in Addis Ababa, and as of 2023, the number of branches has increased to over 91 service centers throughout Ethiopia. [1] The bank is known for its "Bank for All" motto. It is one of the privately owned banks licensed by the National Bank of Ethiopia (NBE) to operate in Ethiopia. [2]
The banking sector of Ethiopia composed of the central bank, the National Bank of Ethiopia (NBE) and the state owned Development Bank of Ethiopia (DBE), along with other thirty private banks. By 2020, the NBE planned to increase the minimum capital for banks to operate to 2 billion birr ($90 million) and instructed all commercial banks to ...
Enat Bank (Amharic: እናት ባንክ) is a private commercial bank in Ethiopia. Founded in 2008 by nine female business promotors, the bank envisaged to maximize and promote female capability in economic inclusion. The bank is composed of 7,000 shareholders who have interest for investing the bank and most of 60% composed of female.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
Zemen Bank was established on 2 October 2008 "licensing and supervision of banking business proclamation No. 84/1994" of Ethiopia. It is private bank with commercial type. [ 1 ] [ 2 ] In 2023/2024 fiscal year, its total revenue has reached about 7.8 billion birr (101% of annual report).