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Authority says flight in its airspace is safe
Spread the NewsEthiopian Civil Aviation Authority said on Friday that any flight in Ethiopian Airspace including Addis Abeba international airport is safe and secured. The statement came after the U.S. Federal Aviation Administration (FAA) issued an alert civilian planes may be “directly or indirectly exposed to ground weapons fire and/or surface-to-air fire”. “The warning issued…

Enat Bank to launch construction of new headquarters
Spread the NewsEnat Bank Share Company said that it is about to launch construction of its new headquarters at a plot of land in the financial district commonly known as Senga Tera. “The construction of our new headquarter will be sprawled over 4000 square meter of land, which we received from the City Administration of…

Hello Cash in Somali region upgrades into Shabelle Bank
Spread the NewsHello Cash financial services, microfinance services provider in Somali region, has upgraded itself into Shabelle Bank. The newly re-branded bank will provide interest free bank services under the brand name Shabelle Bank. The announcement has been officially announced on Sunday in Jijjiga City Somali region with the presence of Mustafa Mohammed, Chief Administrator…

NBE lifts transfer restrictions
Spread the NewsThe National Bank of Ethiopia (NBE) on Tuesday announced that it has removed the limits on bank transfers. The financial sector regulators restricted in January 2021, limiting account-to-account transfers to only five a week. The next month, they placed the same restriction on transfers via mobile and internet banking using Automatic Teller Machines…

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22
Spread the NewsGoh Mortgage Bank Share Company, the first mortgage financial firm, has planned to disburse a loan amounting 1 billion Birr in 2021/22 fiscal year. The bank has set a goal to collect 1.3 billion Birr saving in the fiscal year. Goh Mortgage Bank also sees opening 60 branches across Ethiopia in five years,…

Ethiopia: workers face possibilities of losing jobs as expulsion from AGOA looms large
Spread the NewsEthiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed. Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers…