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 NewsFollowing months of rigorous monitoring and painstaking preparation, Ethiopian Airlines has announced that it has set to return the B737 MAX back to the skies in the first week of February. The B737 MAX has undergone design modification work and rigorous recertification process which lasted for over 20 months. Accordingly, the American Federal…
Spread the NewsEthiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed. Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers…
Spread the NewsPeople-centered economic recovery and resilience will be at the center of the second African Union and European Union Foreign Affairs Ministerial Meeting slated for 26 October in Kigali. WaterAid believes strengthening access to Water, Sanitation and Hygiene (WASH) is critical for sustainable and inclusive economic recovery and to build communities’ resilience in the…
Spread the NewsTakele Uma (Engineer), Minister of Mines said Friday that construction of Lemi Cement Industrial Complex, a new private industrial park, is going to be completed in 18 months. The industrial complex is located in North Shoa Zone of Amhara region. When starts operation, the factory will have a capacity of producing 5 million…
Spread the NewsEthiopian Airlines, Africa’s leading airline, has achieved the fourth rank in terms of the largest number of countries served. The rank has been given according to their number of destinations before the Covid-19 pandemic disrupted the aviation industry. Ethiopian has expanded its network across 81 countries, celebrating 75 years of excellent services in…
Spread the NewsBy Kaleyesus Bekele Trans Nation Airways (TNA) , a private charter flight operator based in Addis Ababa, Ethiopia, is aiming higher to become the preferred charter operator in East Africa region. Established in 2004 TNA operates two Dash8 aircraft and recently acquired a new King Air360 from Textron Beech Aircraft Company. The parent…
