Ethiopia’s Central Bank agrees to swap currency with African countries
The regulatory body will tap into Afrexim Bank’s Currency SWAP program
The National Bank of Ethiopia (NBE) expressed its interest to be part of Afrexim...
Contractors in hot water as price of construction materials doubles
The price corrugated iron almost doubled in two weeks
Contractors are in trouble with the doubling of construction materials that has triggered delays of projects...
First Logistics Park edges closer to reality
Ethiopia will soon have its first logistics park if a feasibility study undergoing by a Chinese consultant hired by authorities bear fruit.
The feasibility study...
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City’s mayor seeks loan disbursement from Chinese Bank to finalize stalled project
No disbursement has been made by Chinese Ex-Im Bank despite $102.7 m pledge
The Addis Ababa City Administration requested the Import-Export Bank of China to...