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Ethiopia liberalizes banking sector
Spread the NewsThe Council of Ministers has approved Saturday a new policy that will open Ethiopia’s banking sector for foreign firms’ competition. The Council has approved the policy on its 13th regular session held at the Office of the Prime Minister. Ethiopia has closed its doors for foreign banks entry for a little less than…

Association expects national ID to advance business services
Spread the NewsThe Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) said Friday that the National ID Program will be helpful for the business community to get services pertaining to logistics and tax in an easy way. The National ID program will also be crucial in prevention of crimes and swift exchange of information, according…

Ethiopian to establish aviation academy in West Africa
Spread the NewsEthiopian Airlines is planning to establish an aviation academy in West Africa. Mesay Shiferaw, Ethiopian Airlines Aviation Academy managing director, told Origins Business that the airline is planning to establish the aviation academy in Lome, Togo in partnership with the West African airline, ASKY. Mesay said if the negotiation succeeds Ethiopian and ASKY…

Corporation gets new CEO
Spread the NewsPrime Minister Abiy Ahmed (PhD) has appointed Aklilu Tadesse as new CEO of the Industrial Parks Development Corporation (IPDC), effective October 18, 2022. Aklilu replaced the outgoing CEO Sandokan Debebe, who has been appointed as State Minister of Planning and Development. Aklilu has a background in the field of Law (LLB). He has…

IFC signals interest to provide support Ethiopia in priority sectors
Spread the News The International Finance Corporation (IFC) has signaled its interest to partner with the Ethiopian government in investment projects of priority sectors. Ethiopian Investment Commission (EIC) management discussed with IFC Ethiopia Country director Cheick-Oumar Sylla at the headquarters of the EIC. EIC and IFC leaders agreed to strengthen ongoing collaborative works in the…

Enterprise garners 386.7 mln Birr in six months
Spread the NewsThe Ethiopian Postal Services Enterprise (EPSE) has garnered 386.7 million Birr in six months of this fiscal year. The performance was 110% of its initial plan of 351.1 million Birr. EPSE’s six months performance appraisal has conducted by Habtamu Hailemichael, Director General of the Public Enterprises Holding and Administration Agency. Improvement of postal…