Estifanos Tomas ft. Richo - New Ethiopian Music 2025 (Official Video)

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Ethiopian Music : Estifanos Tomas ft. Richo - Banchi Aydel Ende  | New Ethiopian Music 2025 (Official Video)

August 3, 2017 

 

It is said that 97 percent of Ethiopians who save their money in banks have deposits of less than 100,000 birr.

 

The number of people with bank accounts has also reached more than 50 million.

 

It has been reported that a 10 percent tax will be deducted from savings account interest under the new income tax proclamation.

 

It is said that the interest that Ethiopian banks charge on deposits is not an incentive to save money in banks.

 

In this regard, the issue of increasing the tax on savings account interest from the previous deduction; will it not further alienate depositors from banks? We spoke to an expert.

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