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Coca-Cola Beverages Africa inaugurates new $100 mln factory in Sebeta
Spread the NewsCCBA plans to inaugurate its sixth plant in Hawassa city A new $100 million Coca-Cola bottling plant at Sebeta town has been inaugurated on Tuesday. The fifth fifth state of the art mega factory plant in Sebeta town has been inaugurated with trhe presence of Shimelis Abdisa, President of Oromia Region. The new…

Ethiopia postpones telecom privatization
Spread the NewsThe Ethiopian government postpones partial privatization of Ethio Telecom. Given the recent developments and fast-moving macroeconomic changes both globally and from a country perispective, the government has chosen to postpone the privatization process, said a statement issued by the Ministry of Finance. “The government believes that taking time to accommodate the improved…

The Financial System Africa Needs
Spread the NewsBy Vera Songwe Africa’s vast economic potential is no secret. But tapping it will be possible only if major developed countries and emerging economies work together to design a more inclusive and effective global financial system that meets the continent’s liquidity and debt-sustainability needs. ADDIS ABEBA – For African economies that have…

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…

CBE to inaugurate its new tallest HQ Sunday
Spread the NewsCommercial Bank of Ethiopia, the State-run financial firm, will officially inaugurate its new headquarters (HQ) and Ethiopia’s tallest building on Sunday, February 13, 2021. The inauguration of the 53-storey will take place on the same day the bank celebrates its 80 Year Diamond Anniversary, said Abie Sano, President of the Bank in a…

Banks told to prevent themselves from threats of financial liberalization
Spread the NewsYared Hailemeskel, an Investment Advisor, told Ethiopian Banks to protect themselves from the threats of financial liberalization. The Advisor has presented his survey findings regarding the financial sector liberalization on the fifth edition of the East African Finance Summit on Wednesday. Ethiopian Banks have lower capital; less developed in technological aspects and banking…