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 News Safaricom Telecommunications Ethiopia PLC said it will launch its operations in August 2022 in Dire Dawa city ahead of Addis Abeba. “We’ll start launching our operations in Dire Dawa in August,” Matthew Harrison-Harvey, Safaricom Ethiopia’s Chief External Affairs and Regulatory Officer said in a press conference held on Thursday. “We do have…
Spread the NewsEthiopia and Japan, nations with ancient history and civilization, have long relations dating back to 1930 where the two countries signed a Treaty of Amity and Commerce. This was followed by a visit of Ethiopian Foreign Minister Heruy WeldeSillassie in 1931 to Japan to create economic cooperation. When it comes to their investment…
Spread the NewsThe Addis Abeba Transport Bureau (AATB) has announced that a new tariff has been set for public transportation, which will be effective starting from Wednesday, June 8, 2022. AATB revealed Tuesday that tariffs have been revised in order with the global increase in oil prices. Therefore, the tariff rates have been increased by…
Spread the NewsAwash Bank Share Company (S.C.) and the Information Network Security Agency (INSA) signed an agreement to work on the protection of cyber security services. The agreement will enable Awash Bank to get protection for its information infrastructures from cyber-attacks; while the bank will provide financial supports to the overall national cyber security services…
Spread the NewsMinistry of Mines (MoM) and the federal Public Procurement and Property Authority jointly called on governmental and private institutions for vending of scrap metals, used vehicles and machineries to steel producers through legal channel. The Authority and Ministry held a joint presser on Friday at the headquarters of MoM. The two agencies called…
Spread the NewsEthio telecom said that it has invested 91 million Birr for planting tree seedlings in the past three years. Planting tree seedlings is part of the green legacy initiative. The telecom giant has facilitated a media visit on Monday to the centers where it has planted tree seedlings in three years. In three…
