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Tsehay Bank discharges CSR as officially launches services
Spread the NewsTsehay Bank Share Company, the new entrant bank to the banking industry, has donated a financial support of 1.6 million Birr to four institutions as part of discharging its Corporate Social Responsibility (CSR). The Bank officially launched its operations on Saturday at its headquarters located in front of Global Hotel, around Lancha area….
Ethio Telecom discounts 51% service rate for homecoming diaspora
Spread the NewsEthiopia Telecom announced that it has discounted a 51% rate on its services for the home coming Ethiopian diaspora. Preparatory activities to welcome the diaspora are in progress. Hotels and transport service providers are working in a special manner to host the Diaspora, including 30 percent discount for them. Prime Minister Abiy Ahmed…
Association contemplates strike if conditions not improved
Spread the News The Ethiopian Bulk Fuel Transport Owners’ Association announced Thursday that it will implement a strike in ten days if problems would not be resolved by the government. The number of trucks which transport fuel from Djibouti port has dwindled to 2500 from 3500 that showed a 20% decline. The Association held its…
Ethiopia loses up to $3 bln worth FDI, loans due to war, says Macroeconomist
Spread the NewsForeign Direct Investment (FDI), loans and aid flow into Ethiopia registered a reduction of $2 to $3 billion in the initial periods of the war, according to a Macroeconomist. Tewodros Mekonnen (PhD), a Country Economist at International Growth Center said Friday that the war has negative impacts on disrupting the Balance of Payments…
Ethiopia ranks among top ten investment destinations in Africa
Spread the NewsBusiness Insider Africa has ranked Ethiopia among the top ten investment destinations in Africa, saying it is “Rewarding for investors”, mentioning its high GDP and resilient economy. Being the second-largest African flower exporter and among the biggest producers of coffee worldwide, Ethiopia is rewarding for investors, Business Insider reported, putting the country at…