Commercial Bank of Ethiopia introduces three months debt relief

Commercial Bank of Ethiopia introduces three months debt relief

borkena April 16, 2020  Commercial Bank of Ethiopia is giving three months debt relief  for its clients who are paying a townhouse mortgage, and who are economically impacted by COVID 19.   Based on the arrangement, borrowers do not have to pay their debt between April and June, and they do not have to apply for it.  […]

Ethiopia privatizing six sugar factories by the end of next month

Ethiopia privatizing six sugar factories by the end of next month

Metehara Sugar Factory. Photo credit : Ethiopian Reporter borkena February 21, 2020 Ethiopia’s Ministry of Finance disclosed on Friday that it is working on the transfer of six sugar factories to the private sector. Haji Ibsa, public relations head in the ministry, said that the plan is to finalize the sale by the end of […]

TAF Oil to supply aviation fuel to Ethiopian Airlines

TAF Oil to supply aviation fuel to Ethiopian Airlines

borkenaJanuary 28, 2020 TAF oil inaugurated on Tuesday a 450 birr worth of oil depot in the capital Addis Ababa.   The installation is located within the premises of Ethiopian Airlines and is said to have a capacity of holding up to six million liters of fuel. It took the company two years to complete the […]