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Ethiopia: New Directive about Hard Currency Issued

Dec 13, 2017 | 2M Editor | Latest Business Alerts

National Bank of Ethiopia (NBE) has passed a new rule for banks regarding approving of letters of credit (LC). The new directive dictates banks should use the given price of...

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Ethiopia: Army Foundation Cancels International Bi…

Dec 13, 2017 | 2M Editor | Latest Business Alerts

Army Foundation has called off the international bid it floated for the procurement of rebar. The foundation had opened the bid on November 14, 2017 and it was estimated to...

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Djibouti Made 45 Percent Discount on Its Ports

Dec 11, 2017 | 2M Editor | Latest Business Alerts

Djibouti’s Government disclosed it has made a 45 percent price reduction on all port service fees for customers using the newly constructed Doraleh Multipurpose Port.

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IMF Managing Director to Visit Ethiopia

Dec 11, 2017 | 2M Editor | Latest Business Alerts

International Monetary Fund’s (IMF) Managing Director, Ms. Christine Lagarde, is set to visit Ethiopia by the next Friday. The visit by the IMF official is going to be the first...

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Ethiopia: GSE Identified 21 Mineral Deposits

Dec 11, 2017 | 2M Editor | Latest Business Alerts

Geological Survey of Ethiopia (GSE) has disclosed in the last fiscal year, it has identified 21 mineral deposits scattered across the country.

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