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Privatization process encounters vociferous criticism

After making a bold decision to privatize state-owned enterprises, the government is drawing fierce criticism with the latest one coming from the former president of the Addis Ababa Chamber of Commerce and Sectoral Association, Kebour Ghenna.  

The Mortgage collective

The Nation’s first fully dedicated mortgage bank— GoH Betoch (housing) Bank—which is under formation currently seems to be gathering momentum. The Bank which is being promoted by a number of well-known personalities in the banking and construction sector, such as an ex-banking regulator and vice governor of the National Bank of Ethiopia (NBE), Getahun Nana, the organizing committee also features a prominent real estate personality—Gebreyesus Igata of Gift Real Estate Plc— and other former banks presidents like Fasika Kebede, Amerga Kassa and Araya Gebregziabher, has officially announced the beginning of share sales on Thursday in an event held at the Skylight Hotel.

Total pledges to invest USD 100 mln

The longest-serving fuel and lubricants marketing company in Ethiopia, Total Ethiopia SC, has pledged to invest USD 100 million in Ethiopia if the government makes adjustments on the profit margin of fuel distribution prices.

New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

Ethiopian social enterprise under the spotlight

Ethiopia is set to host the Social Enterprise World Forum (SEWF) next month. With over one thousand delegates expected to be in attendance in the capital, the gathering is to focus on the concept of social entrepreneurship, a new concept to a population and a nation still dependent of reaching its ambitious goal of better sustainable growth and human development in the old conventional ways as it pushes ahead with becoming a middle income nation in less than a decade and attempts to attract the foreign investment that has changed its narrative for the better.