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Sunday, June 23, 2024

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Bill proposes to allow banks to hire foreign nationals The Council of Ministers has forwarded to Parliament a draft Banking Business Proclamation that envisages permitting foreign banks full or partial ownership of domestic commercial banks. The draft tabled to lawmakers this week proposes to allow regulators at the central bank...

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Black Lion to construct private hospital to attain autonomy

Public pharmacy, lab slated to open in months The largest referral hospital in Ethiopia, Black Lion, plans to build its own private hospital within the...

New study to guide port diversification efforts

Ethiopia plans to diversify link port alternatives with domestic economic corridors and global shipment routes based on a new technical study undertaken by the...

AU concerned over Pretoria agreement implementation

Obasanjo pledges a way out for ‘foreign troops’ in Tigray TPLF puts condition to disarm The African Union high-level panels that facilitated negotiations between the federal...
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Awash to raise 43bln birr equity in face of foreign competition

Local banks rush to raise capital in the face of competition The management of Awash International Bank (AIB) plans to raise 43 billion birr in...

Forex trouble cause Franco Valuta share spike

The scheme accounted for 40 percent of imports Imports made through the Franco Valuta scheme since April 2021 have accounted for more than 40 percent...

Parliament castigates state broadcaster for incompetency

MPs label the state broadcaster as ineffective, fruitless Members of the House of Peoples' Representatives (HPR) have scolded the state broadcaster, Ethiopian Broadcasting Corporation (EBC),...
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EEP awaits ENDF takeover to resume electricity in Mekelle

Teams are ready to repair damaged electric lines Executives of Ethiopian Electric Power (EEP) say they are ready to begin resume services in Tigray as...

Shipping Enterprise invests in local sea transport operations

It plans to assemble boats The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) is investing in local sea transport operations after acquiring Lake Tana...

Nine insurance firms buy DBE bond, deadline looms

Only nine of Ethiopia’s 18 insurance businesses have paid 15 percent of the net income they reported in the previous fiscal year to purchase...
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Stepson of Former Malawi President arrested for mass grave of 30 Ethiopian Immigrants

Malawi police have arrested Tadikila Mafubza Mutharika, the stepson of Peter Mutharika, who is the former president of Malawi, for a mass grave that...

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