Wednesday, February 21, 2024

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Africa must step up its resource mobilization efforts if the continent is to bridge a USD 3.3 trillion financing deficit over the coming decade, warns the African Union Development Agency-New Partnership for Africa's Development (AUDA-NEPAD). Nardos Bekele, CEO of the AU's continental development arm, made the statement during a sideline...

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Video from Enat Bank Youtube Channel.

Business

Fuel price spike hampers electricity supply to war affected areas

Residents of war-affected areas in Amhara Region are unable to get electricity due to spike in price of fuel, which has been a source...

Investigation of Karrayu Killings underway, Oromia police

Oromia Police Commission said it is investigating to bring perpetrators responsible for the killings of members of Karrayyu Gada leadership in East Shewa Zone...

Has depreciating Birr missed its mark?

On February 3, 2022, the official exchange rate of birr against the US dollar surpassed the 50 birr mark, depreciating by 0.11 percent every...
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LC payment defaults pile as forex retention shrinks

Banks stop approving new LCs Commercial banks stuck between a rock and a hard place as they fail to settle the payment of the Letter...

Ethiopia steps forward to establish national quality council

The Ministry of Trade and Regional Integration (MoTRI) has finalized the validation of a draft National Quality Policy. The policy, which is the first...

Condo projects await 5.4 billion birr loan from state bank

The Addis Ababa City’s Housing Development & Administration Bureau requested 5.4 billion birr credit in the form of corporate bond from the Commercial Bank...
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Parliament lifts state of emergency

Ethiopia's Parliament has lifted the state of emergency that was declared in November 2021. It is a measure opposed by many parliamentarians who believe...

Premier inaugurates CBE’s new headquarters

Prime Minister Abiy Ahmed (PhD) today inaugurates the headquarters of the Commercial Bank of Ethiopia (CBE). It is milestone project of the state financier,...

Congressional Bill demands probe into role of foreign countries in the war

Bill requests multilateral sanctions, opposes external loans to Ethiopia, Eritrea A new bill passed by the US congress demands external actors that are allegedly involved...
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Calls mount for federal gov’t to focus on Afar

Residents want federal army to stop the advance of TPLF forces Calls mount for the intervention of the federal army to prevent the Tigray People’s...

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