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Chambers of Commerce Locked in Dispute over Rights to Mexico Square Headquarters
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has moved to evict the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) from...
Doubled Deposit Interest Tax Rate Troubles Bankers
Bankers have opposed the government’s decision to double the tax rate on deposit interest, arguing the move will discourage saving. The government is upping...
Foreign Banks to Make it to Ethiopia’s Financial Market by 2025: NBE Governor
National Bank of Ethiopia Governor Mamo Mihretu says foreign banks will commence operations in the Ethiopian financial sector before the year is out. Speaking at...
Siinqee Execs Lay Groundwork for Massive Financial Conglomerate
Insurance, investment banking ventures included in soon-to-be Siinqee Group Three years after securing a license that allowed Oromia Credit & Saving S.C. to transform...
Sisay Gebru steps up at Ahadu Bank following President Sefialem Liben’s resignation
Ahadu Bank’s board of directors accepted the resignation of its President, Sefialem Liben, on December 14, 2024, reportedly following an extended period since he...
Bank of Abyssinia posts 4.2 billion birr profits, sees fall in forex earnings
Bank of Abyssinia, one of the country’s oldest private banks, has announced a net profit of 4.2 billion birr for the past fiscal year. According...
Ethiopian Chamber ends six year assembly hiatus, elects new president
The Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) convened this week a general assembly for the first time in six years. The hiatus,...
Sunshine Construction joins Ethiopian Airlines staff housing scheme
Firm to partner with Chinese contractor to deliver 5,000 units Sunshine Construction has become the latest real estate firm to sign on for an Ethiopian...
Addis Chamber to conduct internal investigation following misconduct, fraud allegations
Mesenbet Shenkute, Shibeshi Bettemariam under the spotlight The secretariat of the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is slated to be the...
Business tycoon Seid Mohammed calls quits on Ambassador Hotel
Bole property to be repurposed into hospital, commercial space Seid Mohammed, proprietor of several businesses under the brand name ‘Ambassador’, has shuttered the doors of...
