Investment Board, presided by the Prime Minister, ordered Development Bank of Ethiopia (DBE) to modify its lending policy in favor of foreign horticulture investors. From now on the bank, as per the board’s decision, will exempt foreign horticulture investors from the 50 percent deposit requirement other foreign investors have to fulfill.
Add a comment Add a commentEthiopian Investment Commission (EIC) disclosed in the first quarter of the current fiscal year 72 projects, with an aggregate capital of 6.75 billion Birr, entered into implementation phase.
Add a comment Add a commentAfrica’s largest airline group, Ethiopian Airlines, is pleased to announce that it will start four weekly flights to Victoria Falls, site of the most spectacular waterfalls in the world, as of March 26, 2017, with the latest B737-800 New Generation with Sky Interior.
Add a comment Add a commentCommissioner of National Planning Commission of Ethiopia, Dr. Yinager Dese, disclosed Ethiopia’s economy registered an 8 percent growth in the last fiscal year. This is despite the projected 11 percent.
Add a comment Add a commentEthiopia launched construction of a new bus depot – dubbed Shegole Bus Depot – in its capital city, Addis Ababa. The construction is estimated to cost half a billion Birr.
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