Commercial Bank of Ethiopia handling up to US $6 million in Forex exchange daily

Commercial Bank of Ethiopia handling up to US $6 million in Forex exchange daily

borkena July 24, 2018 Commercial Bank of Ethiopia says daily forex exchange has shown improvement in recent days. The rise in forex exchange, claim authorities in the bank, happened following Prime minister Abiy Ahmed’s call for Ethiopians to avoid exchange foreign currencies in the black market and rather take it to their nearest branch of […]

St. George Football club to sell shares for fans

St. George Football club to sell shares for fans

borkena June 20,2018 Owners of the oldest football club in Ethiopia, St. George, are putting majority of shares up for sale. And the process is expected to be finalized by August of this year, according to a report by Financial Times. Zemedeneh Nigatu, chairman of Fairfax Africa who is also consulting the privatization of the […]

Ethiopia started online visa service for tourists and business travelers

Ethiopia started online visa service for tourists and business travelers

borkena June 2,2018 Ethiopian started online visa service to tourists and other categories of visitors from across the world. The prime minister’s chief of staff announced about it on his twitter page. The measure seem to be part of the reform initiative by Ethiopia’s new prime minister Abiy Ahmed who is emphasizing quality and efficient […]

Ethiopian Airlines making a new benchmark in Africa

Ethiopian Airlines making a new benchmark in Africa

borkena May 23,2018 The seventy years old Ethiopian Airlines is making a new benchmark for its ambitious expansion plan of “controlling the African sky.” Ethiopian Airlines has recently announced numerous new routes and/or increases in the frequency of flights to its former destinations. Ethiopian Airlines expansion is expected to make air travel fare in Africa […]

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