The National Bank of Ethiopia (NBE) lifted the loan freezing placed since August 2021, according to media reports.
Executives of commercial banks have been given an instruction to resume loan services to all of the customers.
Many businesses have been crying foul over the loan freezing as it has impacted their productivity due to shortage of working capital.
Spread the NewsDiageo PLC, the world’s leading seller of premium liquors, has sold Meta Abo Brewery to undisclosed buyer. The acquisition of Meta Abo brewery will be finalized in a month, according to sources. But the buyer and its value of acquisition is not disclosed so far. A decision to sell the brewery in a…
Spread the NewsBunna Bank has officially inaugurated its new brand logo with brown and white colors on Wednesday. The new brand has been registered by the Ethiopian Intellectual property Office (EIPO), said the Bank. Bunna (Coffee) is Ethiopia’s brand with high social value. A new brand logo was designed by Berry Advertising PLC. “The brand…
Spread the NewsThe Ethiopian Civil Aviation Authority (ECAA) has given a license for a new private airline named Air Express Africa PLC on Friday. ECAA said that the license was issued after the company successfully completed the registration processes incorporate five phases of pre-application, formal application, Document evaluation and Inspection and finally Certification. Getachew Mengistie,…
Spread the NewsAssociation of Ethiopian Insurers (AEI) said that the absence of insurance development policy, which should have to be prepared by the government, poses a challenge to the growth of the industry. Yared Molla, President of AEI said during the fifth edition of East Africa Finance Summit on Wednesday that an absence of such…
Spread the NewsDHL Ethiopian Airlines Logistics Services, a joint-venture between DHL Global Forwarding (DGF) and Ethiopian Airlines, specialising in air, ocean and road services, has opened a container freight station in Ethiopia. The 800 sqm facility is at Modjo Dry Port, close to the capital, Addis Abeba. Its opening coincides with DGF obtaining a container…
