Ethiopia: NBE to Allow Foreigners to Operate capital Goods Leasing Business
National Bank of Ethiopia (NBE) has allowed local and foreign private companies to engage in capital goods leasing business, according to The Reporter.
National Bank of Ethiopia (NBE) has allowed local and foreign private companies to engage in capital goods leasing business, according to The Reporter.
Tullow Oil’s third oil exploration well, Shimela-1, drilled in Chaw Bahir basin has turned out to be dry, according to The Reporter. Tullow started drilling the well in March 2014 using Exalo 250 rig in the South Omo Zone.
Sur Construction has concluded a 2.1 Billion Birr contract with Ethiopian Road Authority (ERA) for the design and construction of 55 Km road.
Habesha Cement S.C. has acquired a mining license from the Ministry of Mines (MoM) to excavate minerals that it can use as input for it’s cement production, Fortune reported.
Oromia State Revenues and Customs Authority that the Authority has collected six Billion Birr in the past nine months of the fiscal year from various income titles, Ethiopian News Agency reported.
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