The Commercial Bank of Ethiopia (CBE) is to launch interest free banking service starting from Monday, October 28, 2013, in its 23 selected branches in Addis Abeba and in other major regional towns, Fortune reported.
The CBE has notified of the launching of its service and recieved approval from the National Bank of Ethiopia, according to Ephrem Mekuria, communication manager at CBE.
Add a comment Add a comment
United Insurance SC reported 59.87 million Ethiopian birr profit after tax in the 2012/13 fiscal year, a 65 percent growth over its performance reported a year earlier, according to Fortune.
The company made the announcement on October 24, 2013, at the Hilton Hotel, during the company’s general assembly.
Add a comment Add a comment
Pan-African banking group Ecobank Transnational has opened its first branch in Ethiopia, Reuters reported.
The opening of the branch offices is said to help the bank establish its presence in the fast-growing East African economy and extending its African network to 35 countries.
Add a comment Add a commentInvestment Office of Bahir Dar Town of Amhara Regional State said, it has licensed 87 investment projects with a combined capital of over 618.6 million Ethiopian birr during the first quarter of the current fiscal year, Ethiopian News Agency reported.
Investment license and registration expert with the office, Beteha Abebayehu said, the projects are in the areas of trade, construction, industry, service as well as hospitality and tourism sector.
Add a comment Add a commentMicro and Small Enterprises (MSEs) Development Bureau of Addis Ababa anounced job creation plan for 235,000 people during the current Ethiopian Fiscal Year.
In a press conference held Thursday, October 24, 2013, Tilahun Worku said, the jobs will be created in manufacturing, construction, agriculture, trade and services sectors.
Add a comment Add a comment
