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Investment in Ethiopia’s Mining SectorReached 16.2 Billion Birr

Investment in Ethiopia’s mining sector has reached 16.2 billion Ethiopian birr, Walta Information Center reported.

The number of domestic and foreign investors engaged in the mining sector has also reached 137, Bacha Fuji, the Ministry’s public relations and communications director, told Walta Information Center.

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The First “Ethiopian Poultry Mission to the Netherlands” to be held in Ethiopia

The Holland Africa Poultry Partners in partnership with the Netherlands – African Business Council, are organizing the first “Ethiopian poultry mission to the Netherlands” from October 6 – 12.

The mission, organized with an aim to bolster the collaboration between all important stakeholders in Ethiopian poultry sector, is expected to bring together the key players from the Ethiopian and Dutch poultry sector.

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Ethiopia: OIB Introduced Interest-Free Banking in Ethiopia

oibOromia International Bank (OIB), a private financial institution, become the first to implement interest-free banking [Islamic banking] in Ethiopia.

A recent National Bank of Ethiopia (NBE) directive allowed banks to provide interest-free banking service using a separate window along with their other banking services.

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Ethiopian Privatization Agency to Privatize State-owned Enterprises

The Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) is to fully privatize two state-owned enterprises, Walta Information Center reported.

The bid which opened on Monday 1 October 2013, include Ethiopian Mining Development S.C and Caustic Soda S.C, Wondafrash Assefa, PPESA corporate communications director, told Walta.

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