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 NewsSafaricom Ethiopia has extended its large-scale customer pilot to Adama and Bahir Dar cities. This recent addition marks its 4th and 5th cities in Ethiopia to test Safaricom Ethiopia’s network, following Dire Dawa, Harer and Haramaya phased customer pilots in the last month. Customers in Bahir Dar and Adama cities will be able…
Spread the NewsEthiopia has signed a grant agreement amounting 1.5 million euros with Italy on Thursday. The agreement was held in a ceremony held at the Embassy of Italy in Addis Abeba, and it will be used to the implementation of “Food Safety Project”. Semereta Sewasew, State Minister of Finance, and Agostino Palese, Ambassador of…
Spread the NewsAn Oxygen plant has inaugurated Tuesday in Dire Dawa City. The plant was constructed by Yeabsira Industrial Complex PLC at a cost of 50 million Birr. Kedir Jewar, Mayor of Dire Dawa city said that construction of the plant will ease shortage of oxygen, which was common in hospitals. “Previously, heading to Addis…
Spread the NewsBy Kaleyesus BekelePrime Minister Dr. Abiy Ahmed appointed Mamo Miheretu as governor of the National Bank ofEthiopia (NBE) replacing Dr. Yinager Dessie.Mamo Miheretu , the architect of the national home grown economic reform program, was thePrime Minister’s adviser on policy matters. He is also CEO of the Ethiopian Investment Holdings, the state owned…
Spread the NewsAddis Ababa Chamber of Commerce and Sectoral Association (AACCSA) said it has provided food and non-food items amounting 3.2 million Birr for the Internally Displaced Peoples (IDPs) because of the war. Wheat flour, Rice, Children fortified foods, clothes, sanitary items and blankets, among others, have been provided to the victims of the war….
Spread the NewsThe Inter-Governmental Authority on Development (IGAD) Executive Secretory, Workneh Gebeyehu (PhD), and Clementine Nkweta-Salami, UNHCR Regional Director for East and Horn of Africa and the Great Lakes signed the IGAD-UNHCR PR-SR grant agreement of $1,738,528. The support aims to improve the availability and utilization of TB and COVID-19 response in the refugee camps…
