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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.

MoE ink USD 20 million project with Inspur Group

The Ministry of Education (MoE) and the Chinese Inspur Group Limited Company have inked a 20-million-dollar project agreement that aims to help prov ide quality education in 300 secondary schools and 10 universities in different regions of the country using modern information technology system of cloud infrastructures.

Contractors amend bylaws after two decades

Construction Contractors Association of Ethiopia (CCAE), which was established in 1991 to alleviate obstacles facing contractors and help them play their appropriate role in the development of the construction industry, amended its bylaws, which served the association for the past 24 years.

TIENS defends its marketing scheme

The controversial Chinese multinational and supplier of health and wellness products, TIENS a.k.a. Tianshi said that the recent allegation of improper business practice that prompted the Ministry of Trade to place a ban on its business license in Ethiopia is a product of severe misunderstanding and that its network marketing system has nothing to do with the pyramid scheme it is accused of.

Anomaly in the cement industry

With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city.