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House approves Diaspora involvement in finance sector

The House of People’s Representatives (HPR) has approved a new bill that seeks to amend the existing Banking Business Proclamation to provide for the participation of Ethiopians in the Diaspora in the domestic financial sector a couple of years after a controversial campaign by the National Bank of Ethiopia (NBE) thoroughly purged any member of the diaspora from the country’s financial sector.

Parliament, City at an impasse over land repossession

Prime Minister Abiy Ahmed (PhD) has extended his backing to the House of People’s Representatives (HPR)in the case concerning the repossessionof its plot of land by the Addis Ababa City Administration, this week, The Reporter has learnt.

Dutch, local investors to join horticulture business

With news that Dutch horticulture investors are meeting with the Ethiopian government officials to appease their security and investment needs and find solutions to the unrests that are taking place around the country, five new Dutch flower investors in addition to local actors are to be given ample lands for the production of flowers.