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Oromia Bank, bureau agree to work on payments
Spread the NewsThe recently rebranded Oromia Bank and Oromia Water and Energy Resource Development Bureau signed a Memorandum of Understanding (MoU) to work on collection of payments. The agreement has been signed by Woldie Bulto, Vice President of Oromia Bank and Million Bekele (Engineer), Head of Oromia Water and Energy Resource Development Bureau. The agreement…

Akufada Microfinance S.C. to launch operations in Debre Birhan
Spread the NewsAkufada Microfinance Share Institution Company is set to launch its operations on Saturday, October 22 in Debre Birhan city, where the headquarters located. Officials of the institution held a presser in Addis Abeba at Ras Amba Hotel. “We’ll start operations in Debre Birhan and we’ve a plan to expand our branches to 50…

Ministry adjusts fuel prices
Spread the NewsThe Ministry of Trade and Regional Integration (MoTRI) has revised the retail prices of petroleum products. Effective July 6, 2022, 2022 to a liter of Benzene will cost 47.83 Birr at gas stations, up from 36.87 Birr. The cost of light diesel oil has soared by 38 percent during the same period, reaching…

Dashen Bank, Thunes join hands for cross-border payments
Spread the NewsDashen Bank has officially entered into a partnership with Thunes to facilitate fund transfers across the globe to Ethiopia. The partnership with Thunes, a leading global payments network to facilitate cross-border fund transfers is expected to make it quicker and cheaper to send money to Ethiopia from across the world directly to customers’…

Ethiopian transports over 110 mln stems of flowers
Spread the NewsEthiopian Cargo has transported more than 110 million stems of flowers for Valentine’s Day. In the past two weeks, Ethiopian Cargo operated 86 flights mainly from Ethiopia, Kenya, Ecuador, Colombia, Miami (US) in to Europe, transporting more than 110 million stems of flowers. Ethiopian Cargo and Logistics Services, the largest cargo network operator…

Ethiopian Airlines to commence Cargo flights to Dire Dawa, Jigjiga
Spread the NewsEthiopian Cargo and Logistics Services, the largest cargo service provider in Africa, is poised to commence domestic cargo flights to Dire Dawa and Jigjiga cities. The thrice-weekly cargo flights from its main hub in Addis Ababa to east Ethiopian cities will start as of August 30, Ethiopian announced on Tuesday. The announcement comes…