Friday, October 7, 2022

    Tag: News

    Gov’t seeks options to replace revolving fund for youth

    Officials at the Ministry of Labor and Skill (MoLS) will meet executives of commercial banks to discuss possible options to replace the revolving youth fund, which was aborted after causing a financial distress for microfinance institutions.

    Ethio-sudan clash forces CBE suspend branch in Khartoum

    The Commercial Bank of Ethiopia (CBE) suspended its plans to open a new branch in Khartoum, following border clashes between Sudan and Ethiopia. The...

    Expansion of National Theatre recommences with new contractor

    It is expected to consume over 1.6 billion Birr The expansion project of the Ethiopian National Theatre will recommence soon, almost a year after the...

    Ethiopia’s defense budget quadruples

    The Parliament approved an additional budget of 90 billion birr defense budget for the coming six months, more than four times higher than the original budget approved for the whole year in June 2021.

    War forces government to procure 3200 trucks to fill gap in logistics

    The government of Ethiopia is forced to procure an additional 3200 trucks to ease port congestion and minimize demurrage costs of its logistics operation, which is partly precipitated by the war in the north, a situation led to the commandeering of over a thousand aid trucks by the Tigray People’s Liberation Front (TPLF).


    Women Returnees in Coke Kiosks Biz

    Aster Tesfaye is a returnee from Saudi Arabia and...

    Central Bank freezes accounts of 392 ‘currency dealers’

    The National Bank of Ethiopia ordered banks to freeze...

    Ethio telecom to face stiff competition as Safaricom launches service in Addis

      - Managers of Safaricom say there is no plan...

    To end war in North Ethiopia, AU schedules peace talks in South Africa

    - Ethiopia's gov't accepted the invitation   The African Union invites...