
Similar Posts

Central Bank bans use of digital money
Spread the NewsThe National Bank of Ethiopia (NBE) on Monday warned citizens not to use crypto currency. NBE announced Monday that it has never given permission for using digital money such as bitcoin in the country and warned that those who are using it will face punishments. The regulatory agency said in a statement that,…

Ministry warns oil companies over failures on efficiency
Spread the NewsMinistry of Mines (MoM) has warned companies engaged in the exploration of natural oil and gas, as well gold mineral over their failures on efficiency. Takele Uma (Eng.), Minister of Mines told Members of the Parliament while he presented MoMs nine months of performance report that two companies that are engaged in the…

Ethiopia, Israel sign agreement to share agri-techs
Spread the NewsEthiopia and Israel have signed a Memorandum of Understanding (MoU) to work on sharing of agricultural technologies on Friday. The agreement has been signed at Ramada Addis Hotel with the presence of Ambassador Redwan Hussein, State Minister of Foreign Affairs, Aleli Admassu, Ambassador of Israeli to Ethiopia, Melaku Ezezew (Eng.), President of the…

Possible effects of Russia-Ukraine war in Ethiopia’s economy
Spread the NewsRecently, the price hike of edible oil shocked customers. Meanwhile, the Russia-Ukraine war lasted over 3 weeks. This war is believed to have economic burdens on developing countries such as Ethiopia. Yared Nigussie of Origins Business spoke to Eshetu Ejara, an Agricultural Economist by trade to know the details, excerpts; Both Russia and…

Expert urges gov’t to implement research based foreign currency exchange regime
Spread the NewsSeife Desta, National Bank of Ethiopia (NBE) former Banking and Foreign Currency Directorate Director urged the government on Friday to implement a research-based foreign currency exchange rate regime, which will be executed by considering the situation on the ground. Currently, Ethiopia is implementing a managed floating foreign currency exchange system. …

The Insurance Guru speaks out
Spread the News Eyessuswork Zafu, the insurance guru is a Chairperson of the Board for Hibret Bank S.C. He was a founder and Chairperson of Hibret Insurance S.C. He speaks on the challenges, prospects and competitiveness of the insurance industry to Kaleyesus Bekele of Origins Media, excerpts; Insurance business was first introduced to Ethiopia…