Ethiopian National Bank Distributes $100mn in Forex for Private Banks
The National Bank of Ethiopia (NBE) announced that it has distributed $100 million to 16 private commercial banks.
Add a comment Add a commentThe National Bank of Ethiopia (NBE) announced that it has distributed $100 million to 16 private commercial banks.
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One of the largest telecom carriers in the world, MTN, has identified Ethiopia as a rare new market into which Africa’s largest wireless carrier wants to expand.
Reykjavik Geothermal (RG), a power developer backed by hedge fund billionaire Paul Tudor Jones II, announced a plan to launch a $4.4 billion project to bring volcanic energy to Ethiopia.
The Ethiopian Investment Commission (EIC) signed memoranda of understanding (MoUs) with ten global companies. The ten companies intend to set up factories within the confines of the Kilinto Pharmaceutical Industrial Park.
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Isuzu Motors, the well-known Japanese vehicles manufacturer, said it will open an assembly plant in Ethiopia in August 2019.
