Ethiopia lifts mandatory bond purchase policy imposed against private Banks

Ethiopia lifts mandatory bond purchase policy imposed against private Banks

BY  TESFA-ALEM  TEKLENovember 24, 2019 (ADDIS ABABA) – The National Bank of Ethiopia (NBE) this week lifted a long-running mandatory bond purchase policy which had been falling on private banks The just removed financial rule used to force private banks to purchase a bond accounting  27 % of every loan they give to borrowers. According […]

Ethiopia,South Korea Business Forum Held In Addis Ababa

Ethiopia,South Korea Business Forum Held In Addis Ababa

By Tesfa-Alem TekleNovember 20,2019 (ADDIS ABABA) – Ethiopia and South Korea Business Forum was held in the Ethiopian capital, Addis Ababa according to the local, Fana broadcast news agency (FBC). At the joint occasion, State Minister for Economic and Diaspora Affairs, Dr. Aklilu Hailemikael, said Ethiopia is paying special attention to attract foreign direct investment […]

Africa’s Industrial Week Kicks Off In Ethiopia’s Capital

Africa’s Industrial Week Kicks Off In Ethiopia’s Capital

By Tesfa-Alem TekleNovember 18, 2019 (ADDIS ABABA) – The Africa Industrial Week has kicked off  today at the premises of the African Union (AU) headquarters here in Addis Ababa, Ethiopia. Africa Industrialization Week 2019 (AIW) is opened themed by, “Positioning African Industry to supply the Africa Continental Free Trade Area (AFCTA) Market” It is to […]

Ethiopia: Addis Ababa Launches Over 2 Billion Birr Worth Road Projects

Ethiopia: Addis Ababa Launches Over 2 Billion Birr Worth Road Projects

By Tesfa-Alem TekleNovember 12, 2019 November 11, 2019 (ADDIS ABABA) – Addis Ababa City Roads Authority on Sunday launched the construction of three new road projects at a cost of 2.2 billion birr. Construction of the new road projects was officially launched in the presence of Addis Ababa’s Deputy Mayor, Engineer Takele Uma and other senior government […]

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