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NBE Raises Credit Growth Rate for Commercial Banks
Source: Ethiopian Monitor The National Bank of Ethiopia (NBE) has increased the credit growth rate for commercial banks from 14 percent to 18 percent. The NBE took a tightened monetary policy stance in August 2023 after significant credit expansion...
Rwanda Aims to Surpass $819mln in Digital FDI by 2035
Source: ecofinagency (Ecofin Agency) - Digital technology is now at the heart of many development challenges across Africa. Several ambitious projects aim to boost millions of people's economic and social growth. However, challenges remain...
Ethiopia: Hibret Bank’s 2024 Financial Performance Hits 2.3 Billion Br in Profit
Source: ethiopiancapitalmarket Hibret Bank has announced a remarkable financial milestone, achieving a net profit of 2.3 billion birr for the fiscal year, a significant leap that underscores the bank's resilience and strategic efficiency in...
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Inspirational Stories
The Student and the Butterfly
A biology teacher was teaching his students how a caterpillar turns into a butterfly. He told the students that in the next couple of hours, the butterfly would struggle to come out of the cocoon. But no one should help the butterfly. Then he...
ACRES OF DIAMONDS
There was a farmer in Africa who was happy and content. He was happy because he was content. He was content because he was happy. One day a wise man came to him and told him about the glory of diamonds and the power that goes along with them. The...
THE BOY & THE BALLOON
"Build a positive attitude" There was a man who made a living selling balloons at a fair. He had all colors of balloons, including red, yellow, blue, and green. Whenever business was slow, he would release a helium-filled balloon into the air and...
