2merkato

Ethiopian Commodity Exchange (ECX) said it was set to commence a new service which allowed traders to use warehouse receipts which would be given out by the organization as collateral when they needed short term loans from the banks.

The Ethiopian Diaspora Association is set to hold a Diaspora mobilizing conference on investment with a view to encouraging the Ethiopian Diaspora to participate in industry, hotel and tourism, and other areas. More than 1000 people are expected to participate in the conference which is organized in collaboration with the Ministry of Culture and Tourism, Ethiopian Customs and Revenue Authority, and the Ethiopian Investment Commission.

The Ministry of Labour and Social Affairs (MOLSA) said it would complete developing the implementation plan for overseas employment by the end of September. According to the Minister of Labour and Social Affairs Hirut Woldemariam (PHD), MOLSA is closely working with the national committee and representatives of host countries to stop illegal immigration. She said a new system was developed to give detailed information to the applicants.

Africa insurance Company, which is one of the oldest private insurance companies in Ethiopia, was able to collect Birr 585 million from life and general insurance premiums and earned Birr 32 million from life insurance during the past fiscal year despite economic challenges in the insurance industry.