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Liquidity shortage returns, new loan applications halt
Banks have been compelled to halt considering new loan applications due to a liquidity crunch affecting the banking sector.
Because of the lack of cash,...
Electric cars pose risk to insurers, create new claim scenarios
Charter revision underway
Insurance firms are confronted with new claim situations as the introduction of electric vehicles poses a risk to the insurance market.
The past...
Ministry assesses war-affected industries in Tigray
Officials at the Ministry of Industry (MoI) are assessing damages sustained by manufacturing industries in Tigray Regional State during the two-year war in the...
Hong Kong manufacturer leaves Bahir Dar Industry Park over AGOA market loss
-It is looking for buyers to sell machineries
- It laid off over 700 workers after paying compensation
Hop Lun, a Hong Kong-based company, has departed...
Cash shortage forces Tigray banks to limit withdrawals
Reopened branches of banks in Tigray introduce a withdrawal limit as they experience a cash shortage.
Although the amount of cash that is moving in...
Cash-strapped Anbessa bus fails to uphold Cassation Bench decision
Slightly avoids major strike
The state transport giant, Anbessa City Bus Service Enterprises, has entered a renewed round of negotiation with employees after the Enterprise...
Commercial Nominees to amend contracts for outsource workers
It has been blasted for charging hefty commissions to outsourced workers
Commercial Nominees (CN) is preparing to amend the contracts of the workers it hired...
LC Ban pressures Suzuki supplier to end contracts, buyers disgruntled
Tamrin Motors, one of the main distributors of Suzuki in Ethiopia, has terminated contracts with 140 buyers, citing its inability to open a Letter...
Walta board sacks CEO
An author of a biography about the PM took his place
The Board of Walta Media, under the chairmanship of Tesfaye Beljige, government whip in the Parliament, removes Nigussie Meshesha from his role...
“The executive is happy when taking budget, but unhappy when they see our auditors,”
Meseret Damtie
The primary responsibility for monitoring how the government uses its resources falls to Meseret Damtie. She was chosen by Prime Minister Abiy Ahmed...
