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National Bank approves Amhara Bank officials’ appointment
Spread the NewsThe National Bank of Ethiopia (NBE), the financial sector regulatory institution, has approved the appointment of five Vice Presidents (VPs) as per the request from Amhara Bank. NBE has given an approval for five senior VP appointments on its notification on Monday November 22. Following the approval, Amhara Bank assigned senior bankers, who…

Ministry revokes 972 licenses
Spread the NewsTakele Uma (Eng.), Minister of Mines announced Wednesday that the Ministry has revoked 972 licenses. The revoked licenses include companies in production and export of mines. “These companies did not comply with the terms of their exploration and production licenses despite the repeated warnings they have been given to them,” Takele said. “Close…

Ministry permits import of foods on Franco Valuta privileges
Spread the NewsMinistry of Finance (MoF) has issued on Saturday, April 9, 2022 a directive allowing importers of essential food stuffs such as edible oil, wheat, sugar, baby milk and rice to use Franco-Valuta privileges without waiting for foreign exchange permits and import their items directly through the Ethiopian Customs Commission. “Ethiopian Diaspora with a…

Ethio Telecom garners 28 bln Birr revenue in six months
Spread the NewsThe telecom giant of the nation, Ethio Telecom announced Monday that it has generated 28 billion Birr revenue in six months period, which achieved 86.4% of the plan. The revenue collection show a 6.7% increment from the previous budget year similar period. Frehiwot Tamru, CEO of Ethio Telecom presented the 2021/22 first half…

Startup draft proclamation seeks to bolster tech companies
Spread the NewsA new draft Startup Business Proclamation is aiming to bolster technology companies. The draft proclamation has presented by Ayalneh Lemma, Legal Affairs Director at MInT on Tuesday during the stakeholders meeting on startups and innovation ecosystem at Capital Hotel. The draft has been going back and forth between MInT, the former Job Creation…

Ethiopia plans to harvest 2.6 mln hectares using cluster farming
Spread the NewsEthiopia has planned to cultivate 2.6 million hectares of agricultural products in 2014/15 Ethiopian fiscal year using cluster farming. A tweet by the Agricultural Transformation Agency (ATA) on Sunday reported that 1.9 million farmers will benefit and be able to increase the productivity of wheat from 30 to 45 quintals and maize from…