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Some facts about Commercial Bank of Ethiopia
Spread the NewsSome facts about Commercial Bank of Ethiopia CBE started operation with an initial capital of 1 million Maria Theresa Thaler (MTT). Commercial Bank of Ethiopia (CBE) had 43 employees when it started operations in 1942. The first headquarters of the Bank was first constructed during in the reign of and inaugurated by…

Purpose Black opens new agri retail shop
Spread the NewsPurpose Black has opened its new agri products retail and wholesale shop on Saturday. Launched in May 2020 through a collaborative effort of more than 130 Black experts, Purpose Black has been enabling farmers to directly sell their produce to cash and carry retailers. The fresh shop has started operations in Senga Tera,…

Council of Ministers approves additional budget for reconstruction
Spread the NewsThe Council of Ministers has approved 122 billion Birr additional budget on Wednesday. The proposed additional budget by the Ministry of Finance will be invested in the rehabilitation and reconstruction works of public infrastructures damaged by the Tigray Peoples Liberation Front (TPLF) in Amhara and Afar regions. The additional budget will also be…

Ethiopia’s economy predicted to grow at 6.6% despite challenges
Spread the NewsThe National Macroeconomic Council, which is led by Prime Minister Abiy Ahmed (PhD), said Tuesday that Ethiopia’s economy will grow at a rate of 6.6% in this Ethiopian fiscal year despite the challenges the economy has been facing. Members of the Council has discussed on the nine months macroeconomic performance of the country…

Pandemic-induced container shortage pressures freight rates in Ethiopia
Spread the NewsThe Ethiopian Shipping and Logistics Services Enterprise (ESLSE) has disclosed that the global shortage of shipping containers, primarily caused by the Covid-19 pandemic and that of the three million containers stranded in different destinations have led to 15% gap in global shipping lines business. Roba Megersa, CEO of ESLSE told Ethio Trade and…

BGI Ethiopia launches internship program
Spread the NewsBGI Ethiopia has officially launched its internship program by recruiting students from Addis Ababa University (AAU). The program was held on Tuesday, February 15, 2022 at the premises of AAU. It was on October 2020 that BGI Ethiopia signed a memorandum of understanding with AAU, to implement the BGI XP internship Program. Back…