Ethiopia's parliament, the House of People's Representatives, announced its expectation that Ethiopia's accession to the World Trade Organization (WTO) will be completed in two years.Add a comment Add a comment
Ethio Lease has signed a collaborative Memorandum of Understanding (MoU) with the Ethiopian Ministry of Agriculture and the Agricultural Transformation Agency (ATA) to lease agriculture equipment to ATA sponsored farmers’ mechanisation centres. Ethio Lease is the first foreign-owned leasing company in Ethiopia.Add a comment Add a comment
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A delegation of Private Investors for Africa (PIA) expressed their "keen" interest to invest in Ethiopia. The delegation is on a two-day business tour in Ethiopia and has held talks with Aklilu Hailemichael (Ph.D.), Ethiopia's State Minister at the Ministry of Foreign Affairs.
The Commercial Bank of Ethiopia (CBE), the largest bank in East Africa and owned by the Ethiopian government, declared it has collected a profit of over $295 million (9.33 billion birr) before tax during the first half of this fiscal year. In a related note, the other two government-owned financial institutions, the Development Bank of Ethiopia and Ethiopian Insurance Corporation collected profits of $30 million (951.6 million birr) and $13.53 million (427.89 million birr) during the period, respectively.Add a comment Add a comment