The more than 400 billion birr loans the Commercial Bank of Ethiopia (CBE) extended to state enterprises and the government in the past years has posed a threat to the biggest bank in Ethiopia.

Ethiopian Airlines has reported a stout performance during the 2018-2019 fiscal year which the management described it as the most challenging year.

On December 2014, a newly found trading company called Ziway Share company shocked Ethiopia with a whopping offer 350,000 birr (USD 12,000 at current exchange rate) for one square meter of land in the heart of Merkato, the busiest commercial district in Ethiopia.

A new bank, Amhara Bank S.C, is on the horizon of formation as the supervising committee readies itself to sell shares to the public, The Reporter has learnt.

After nearly seven years of discontinued negotiations, Ethiopia has initiated the accession process to join the World Trade Organization (WTO) afresh and new round of working party talks will resume in October, The Reporter has learnt.

A year after the government distanced the scandal-hit Metal and Engineering Corporation (MetEC) from the delayed construction of Yayu Fertilizer, three overseas companies have shown interest to resume the construction of the factory and commence with the production of fertilizer on a Joint Venture (JV) scheme.