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Hotel owners continue to reel from Covid-19 pandemic
Spread the NewsHotel owners have been bracing for difficult years as the sector continues to reel from a drop in bookings caused by the Covid-19 pandemic, according to Addis Abeba Hotel Owners Association. Hotels in Addis Abeba and regions are losing $35 million and $10 million respectively in a month due to the negative effects…
Africa for Africans event organizer urges promotion of AfCFTA
Spread the NewsOrganizer of the continental “Africa for Africans Event” which is slated to take place on October 21 to 23 said Tuesday that the event will create opportunities to stimulate talks on the African Continental Free Trade Area (AfCFTA). The event will be held at Friendship Park and Meskel Square. Daniel Tiruneh, Organizer of…
Holding Group to supervise formation of Capital Market
Spread the NewsEthiopia Investment Holdings, nation’s sovereign wealth fund formed earlier this year, announced Wednesday that it has been tasked with establishing the Ethiopian securities exchange (ESX), taking over the responsibility from the National Bank of Ethiopia (NBE). It has been two years since NBE establishing Ethiopia’s first capital market. The regulatory body introduced a…
Addis Chamber’s 16th annual general meeting underway
Spread the NewsThe 16th Annual General Meeting of Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA) is underway today at Inter Luxury Hotel. Annual performance reports of 2019/20, 2020/21 and 2021/22 have been presented by an independent auditor. The reports reviewed Auditor’s financial statements of the Chamber. At the end of the Annual General…
Institutions told selling scrap metals, used vehicles to steel producers
Spread the NewsMinistry of Mines (MoM) and the federal Public Procurement and Property Authority jointly called on governmental and private institutions for vending of scrap metals, used vehicles and machineries to steel producers through legal channel. The Authority and Ministry held a joint presser on Friday at the headquarters of MoM. The two agencies called…
Bunna Bank rewards customers
Spread the News Bunna Bank has rewarded its customers, who are working in public and freight transport services. In a digitalized lottery draw program held on Tuesday at the Headquarters of the National Lottery Administration, Bunna Bank rewarded 34 lucky customers. Accordingly, two 2020 model modern automobiles, 2 three wheel vehicles, five washing machines, five…