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Oromia Bank, bureau agree to work on payments
Spread the NewsThe recently rebranded Oromia Bank and Oromia Water and Energy Resource Development Bureau signed a Memorandum of Understanding (MoU) to work on collection of payments. The agreement has been signed by Woldie Bulto, Vice President of Oromia Bank and Million Bekele (Engineer), Head of Oromia Water and Energy Resource Development Bureau. The agreement…

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…

E-commerce faces security challenges
Spread the NewsBusinesses said lack of security in Ethiopia has been adversely affecting the success of e-commerce platforms. Addis Abeba Chamber of Commerce and Sectoral Associations organized a consultation with businesses focused on “Challenges and Opportunities E-Commerce in Ethiopia”. Deficiency of infrastructural facilities has been mentioned as among bottlenecks for the e-commerce businesses. Mainly, lack…

Wheat supply shortage challenge flour factories
Spread the News-Trading wheat has become a crime By Kaleyesus Bekele Disgruntled flour and pasta manufacturers disclosed that they have faced critical shortage of wheat supply as the Ethiopian government started exporting wheat. With a big media fanfare two weeks ago the Ethiopian government announced that it has started exporting wheat. Ethiopian Prime Minister Abiy Ahmed heralded that Ethiopia has…

eTech moves to digitalize health services
Spread the NewsIn a bid to digitalize the health facilities in Ethiopia, eTech, a local company that provides complete ICT solutions and is supported by Ethiopian technologists from around the globe, has introduced new platform dubbed eHealth. The company has developed a new application dubbed eHealth with the aim of fully digitalizing the way of…