
Similar Posts

Nyala Insurance amasses gross profit of 194.3 mln Birr
Spread the NewsNyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit…

Ministry orders banks to freeze LC issuance for import of 38 products
Spread the NewsMinistry of Finance has informed banks to freeze issuance of Letters of Credit (LC) to import 38 types of products as of Monday 17 October, according to a report from FBC. The National Bank of Ethiopia (NBE) has also further emboldened the measure. Fikadu Digafe, NBE’s Deputy Governor and Chief Economist was quoted…

Ethiopia attracts FDI worth over $1 bln
Spread the NewsThe Ethiopian Investment Commission (EIC) said it has attracted 54 investors with over $1 billion in the past four months, achieving 78 percent of the target. The amount had increased by 28 percent compared to the same period last year. Thirty-three of the 54 investment projects registered are in the manufacturing sector, while…

Exporting avocado launched from clusters in Amhara region
Spread the NewsThe Agricultural Transformation Agency (ATA)has announced that clusters in Amhara region has begun exporting avocados cultivated on 200 hectares of land. 447 farmers in North Mecha Woreda of West Gojjam Zone are participating in the export process; out of which 156 farmers collected, prepared, weighed, packed and exported avocadoes weighing more 1600 quintals for the international market. Likewise, preparation has commenced to…

Japan supports Jigjiga Medical Training Center with 4.4 mln Birr
Spread the NewsThe Japanese government has granted 4.4 million Birr to support an expansion project of a Medical Worker Vocational Training facility in Somali region. The grant agreement has been signed at the residence of the Japanese Ambassador between Ito Takako, Ambassador Extraordinary and Plenipotentiary of Japan to Ethiopia and Executive Director of Human Concern…