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Central bank governor appointed to chair ECX board

After his appointment to govern the National Bank of Ethiopia (NBE) in June 2018 by Prime Minister Abiy Ahmed (PhD), Yinager Dessie (PhD), has been appointed as the new chairman of the Ethiopia Commodity Exchange (ECX) as it gets a new 11-member Board of Directors.

IFC to invest on 500MW solar power

Amid budgetary support, the World Bank Group (WBG) has approved a commitment of USD 1.2 billion to Ethiopia this week, the International Finance Corporation (IFC) – the private sector arm of the WB – said that it is working on a solar power program that will help generate 500 megawatt of electricity in the country.

Authority to ban Uber-styled transport service

While technological breakthroughs were gradually being introduced to Ethiopia’s metropolitan areas, authorities have placed a major roadblock in this progress by threatening to issue a ban on a recently popularized call and text based transport operations in Addis Ababa, The Reporter has learnt.  

Ethiopian management, crew members enter negotiation mode

The management and employees of Ethiopian Airlines are in a negotiation to settle a number of complaints with its dwindling crew members over pay and benefits. Among these complaints are being overworked and forced to purchase a technologically advanced device to help the airline go paper-less and become fully digitalized.

Nordic businesses eye opportunities in Ethiopia

Nordic businesses are zeroing in on opportunities in Ethiopia despite what they are expressing as daunting challenges in the Ethiopia business environment. This was reflected in a seminar organized by the Royal Norwegian Embassy and Embassy of Sweden on October 24, 2018 at the Sheraton Addis Hotel, Addis Ababa.

Coffee bags USD 204 mln in three months

Still quite shy of its target and last year’s performance, the export of 60,000 tons of coffee has generated USD 204 million during the first quarter of the current fiscal year, The Reporter has learnt.

Investors seek govt’s protection

Local and foreign investors engaged in various investment projects in different parts of the country disclosed that the government should ensure peace and stability around investment projects.