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Commercial Bank of Ethiopia Raises Loan Service Ch…

Feb 16, 2021 | 2M Editor | Latest Business Alerts

Commercial Bank of Ethiopia Raises Loan Service Charges

Commercial Bank of Ethiopia (CBE), Ethiopia's largest bank, announced that it has raised loan service charge rates to 9.8 percent, from the previous 8.63 percent.

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Ethiopia to Reduce Fuel Subsidy, Raise Oil Prices

Jan 28, 2021 | 2M Editor | Latest Business Alerts

Ethiopia to Reduce Fuel Subsidy, Raise Oil Prices

Ethiopia's Ministry of Trade and Industry announced that it has decided to cut down fuel subsidy to 75 percent, subsequently slightly raising fuel prices so users cover the 25 percent....

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Int'l Airport to be Built in Ethiopia's Gode Town

Jan 27, 2021 | 2M Editor | Latest Business Alerts

Int'l Airport to be Built in Ethiopia's Gode Town

A foundation stone has been laid for the construction of an international airport in the town of Gode, in eastern Ethiopia's Somali region. The new international airport is named "Miraad...

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Ethiopia's Mugher Cement to Raise Production Capac…

Jan 26, 2021 | 2M Editor | Latest Business Alerts

Ethiopia's Mugher Cement to Raise Production Capacity, Market Share

Efforts will be exerted to enable Mugher Cement Factory to produce cement with full capacity, increasing its production volume and market share, Ethiopia's Minister of Mines and Petroleum Takele Uma...

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Ethiopia's Ethio Telecom Reports 12% Rise in Reven…

Jan 25, 2021 | 2M Editor | Latest Business Alerts

Ethiopia's Ethio Telecom Reports 12% Rise in Revenue

Ethiopia's sole telecom services provider Ethio Telecom reported that it has collected $650 million (25.6 billion birr) till the end of December, during the half-year of the current fiscal year....

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