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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…

KEFI Gold, Copper ready for progress projects in Ethiopia, Saudi
Spread the NewsKEFI Gold and Copper PLC said in a statement that it has ‘reaffirmed plans’ with the Ethiopian authorities for the start of work on its Tulu Kapi gold mine in October. Tulu Kapi’s first gold pour should coincide with the start of production from KEFI’s second major project – Jibal Qutman, in Saudi…

Bank executives, scholars debate over foreign banks entry to Ethiopia
Spread the NewsExecutives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at…

Ethiopian Insurers, FSD Africa to sponsor trainings
Spread the NewsInstitutions working on capital market and insurance sectors have agreed to pay tuition fees for staffs that would be enrolled to take capital market and insurance courses. Getachew Beshahwred, General Manager of Bruh Finance said Wednesday that, “We’ve negotiated with Associations such as Association of Ethiopian Insurers Association (AEI) to pay tuition fees…

Ministry says over 40 investors to enter Bulbula Integrated Agro-Industrial Park
Spread the NewsMinistry of Industry has disclosed on Monday that 42 businesses and private developers are going to enter the Bulbula Integrated Agro-Industrial Park (BIAIP). The firms have expressed their readiness to join the Park. The Park, sprawled over 271 hectares of land in Western Oromia, has been fully equipped with the necessary infrastructures and…

Central Bank bans use of digital money
Spread the NewsThe National Bank of Ethiopia (NBE) on Monday warned citizens not to use crypto currency. NBE announced Monday that it has never given permission for using digital money such as bitcoin in the country and warned that those who are using it will face punishments. The regulatory agency said in a statement that,…