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Banks told not to allocate over 50% of foreign currency for non-priority items
Spread the NewsThe National Bank of Ethiopia (NBE) has unveiled a new directive, which demands for commercial banks to allocate not more than 50% of their foreign currency for items not included in the NBEs new priority list. In addition to this, a minimum of 50% of forex resources is also required to be distributed…
Commission warns investors, Diaspora not to bribe experts
Spread the NewsGirma Seifu, Addis Abeba Investment Commissioner has warned investors and members of the Diaspora on Tuesday not to offer a bribe with an intention of getting any services from the Commission. Commissioner Girma told the investors not to make any payments to Addis Abeba Investment Commission experts to get any services they need….
Ethio poultry expo, ALEC in progress
Spread the NewsEthio poultry expo, ALEC in progress The 10th 2021 edition of Ethio Poultry Expo and 6th African Livestock Exhibition and Congress (ALEC) are in progress starting from Thursday, October 2021 at Ethiopian Skylight Hotel. The expo and ALEC will be opened for visitors including businesses until Saturday, October 30. Ethio Poultry Expo (Ethiopex)…
Lack of business ethics blamed for illegal business activities
Spread the NewsAn expert blamed lack of business ethics among few businesses as a challenge for illegal and high price increment on commodities. Eshetu Ejara, an Agricultural Economist by profession told Origins Media that lack of business ethics is the basic problem among the businesses. The government said recently that it has seized hoarded edible…
Bunna Bank rewards customers
Spread the News Bunna Bank has rewarded its customers, who are working in public and freight transport services. In a digitalized lottery draw program held on Tuesday at the Headquarters of the National Lottery Administration, Bunna Bank rewarded 34 lucky customers. Accordingly, two 2020 model modern automobiles, 2 three wheel vehicles, five washing machines, five…
PM Abiy receives Global Islamic Finance Award 2022
Spread the NewsPrime Minister Abiy Ahmed (PhD) has been awarded as the 2022 Laureate of the Global Islamic Finance Award for efforts made in reforming Ethiopia’s finance sector. The award has been presented to PM Abiy during the Global Islamic Finance Summit (GIFS) 2022 held in Djibouti. “Ethiopia has been undertaking vast financial sector reforms…