Alphabet this week announced that its board approved a 20-for-1 stock split, meaning that shares of the Google parent company will soon be trading at a much cheaper price. Existing shareholders will receive 19 additional shares for every share they already own. This means that an investor who owned 100 shares will now own 2,000, …
There are different ways to buy or trade bitcoin and other cryptos, each with its advantages and disadvantages. Some of the most popular are traditional centralized exchanges (CEX), P2P platforms, bitcoin ATMs, and decentralized exchanges (DEX). Here we are going to focus on two: A. Traditional exchanges (CEX) Operated by companies and financial institutions, like …
It took only two years (between 2019 and 2022) for the depreciation of birr by 18 birr, compared to the four years it took (between 2015 and 2019) to reduce its value by 11 birr. In fact, the downward trajectory of birr’s value started in 2012, when the exchange rate was at 10 birr per …
Prime Minister’s Report: War time economy has various difficulties. Among other things, donors and lenders withhold funds during this time. The work done on tourism and agriculture sectors are what gave us wins during this period. The government had planned for an income 185.8 billion ETB during the first half year of 2014 but achieved …
Commercial Bank of Ethiopia (CBE) has recorded a 58.1 billion birr revenue in the first half of the current 2021/22 fiscal year, reveals its six months performance report. (Ethiopian Monitor) According to the report, CBE’s six months revenue is 136% higher than the figure the bank managed to collect in the same months last year. …
Credit to MSEs in Ethiopia has declined by 34 percent during 2020/21 to 5 billion Birr compared to the preceding budget year. As a result, over 984,000 jobs in MSEs have vanished, according to the annual report of the National Bank of Ethiopia (NBE). Compared to the 7.67 billion Birr loans micro and small enterprises …
