Credit to micro, small businesses in Ethiopia declines 34 percent
Credit to micro and small enterprises in Ethiopia has declined by 34 percent during the last budget year of Ethiopia 2020/21 to 5 billion Birr compared to the preceding budget year.
Alliance invites African women for agriculture award
The Alliance for a Green Revolution in Africa (AGRA) launches 2022 Women Agripreneur of the Year awards inviting women engaged in agribusiness to apply and win prizes that includes financial rewards.
Ethiopia customs seizes 67 million Birr contraband goods
Customs Commission of Ethiopia said within one week period it has captured worth 67.5 million Birr contraband goods from people who tried to smuggle into and out of the country.
Ethiopia postpones privatization of Ethio Telecom
The Ministry of Finance of Ethiopia said it has decided to postpone it plan of partial privatization of the state-owned Ethio Telecom.
BGI Ethiopia to rejuvenate Meta Beer brand
Having concluded the agreement to acquire Meta Abo Brewery S.C. from Diageo, BGI Ethiopia is now waiting for the approval of the Trade Competition and Consumer Protection Authority (TCCPA), says a source…
Ethio Telecom profit doubles in two years
Annual gross profit of Ethio Telecom, the state-owned telecom service provider in Ethiopia, has almost doubled within the last two years.
Africa Investment Forum virtual boardrooms attract $32.8 billion
The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects.
MCC Investments ‘powering Africa’ through modern energy solutions
The Millennium Challenge Corporation’s (MCC) Vice President of Compact Operations, Fatema Sumar, united with private sector, development, and investment leaders in the nation’s capital March 17 to examine how capital flows are…
Recycling plastic waste gathers momentum in Africa
More and more plastic waste is being diverted from landfills and into a circular economy that grows employment and entrepreneurship in African countries, as we celebrate Global Recycling Day today (March 18).
U.S. imposes visa restriction on Somali officials
The United States Government has announced additional visa restrictions on the officials of the Government of Somalia for delayed parliamentary election.
African Development Bank approves $127 million to Niger
On Wednesday in Abidjan, the African Development Bank Group approved funding of $127.8 million to Niger to support farming and pastotral communities.
U.S. Ambassador in Ethiopia visits war affected people
The United States Chargé d’Affaires in Ethiopia, Ambassador Tracey Jacobson, on Wednesday visited people affected by war and regional recovery as well as humanitarian assistance efforts in Bahir Dar, Amhara region of…
Ethiopia economy set to grow 8.7 percent this year
The Government of Ethiopia forecasted 8.7 percent economic growth for the current Ethiopia’s budget year started July 8, 2021.
Bunna Bank of Ethiopia introduces new logo
Bunna Bank, one of the private financial institutions in Ethiopia, today announced rebranding itself with a new logo and color.