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Ethio-Egyptian JV set to process weed into energy

Egyptian and Ethiopian companies have inked deals that aim at replacing coal as an energy source with weeds. The joint venture (JV) has acquired a whopping one million hectares plot of land in the Afar Regional State.

CBE investing heavily on corporate bonds

The outstanding loan that the Commercial Bank of Ethiopia (CBE) has provided through the purchase of corporate bonds has reached 152.7 billion birr, the National Bank of Ethiopia’s annual report noted.