Ethiopia’s flag carrier, Ethiopian Airlines, disclosed it plans to substitute imported products used for in flight catering service by products produced locally. The airline held discussions on the matter with Food and Pharmaceuticals Development Institute, Meat and Dairy Development Institute and other stakeholders on January 31, 2017.
Government Houses Agency disclosed it managed to generate an income close to 150 million Birr in the first 6 months of the current fiscal year. The performance is 12 percent lower than the preceding year’s same period.
Add a comment Add a commentUnited Insurance Company S.C. (UNIC), one of the insurance firms in Ethiopia, disclosed it started online insurance sales starting from January 1, 2017. The scheme allows clients to buy insurance policies online after transferring payments to the insurer’s bank account.
Add a comment Add a commentAfrican Development Bank (AfDB) and Ethiopia concluded a financing agreement of 2 billion Birr. The agreement was signed on January 30, 2015. Out of the entire 2 billion Birr, 65 percent of it was extended as grant while the rest 780 million was loan.
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Development Bank of Ethiopia (DBE) has announced it will resume extending loan for rain fed commercial farming. The bank is going to restart the program starting from February 1, 2017.
