Oromia 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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Asia Pacific Gold Mining Investment Ltd. announces identification huge graphite potential in western Ethiopia.
The Company has also entered into an agreement with a Canadian Company for exploration and development of its concessions in Western Ethiopia.
Add a comment Add a commentThe 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.
Add a comment Add a commentThe Ethiopian Ministry of Trade signed a memorandum of understanding with various federal sector offices that issue certificate of professional competence for business activities, Walta Information Center reported.
The MoU aims to ensure a coordinated working relation between the ministry and the 36 sectoral government institutions that issue professional competence certificates for commercial activities.
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Diageo, the London based alcoholic beverages company is planning to invest at least US$ 50 million in the Meta Abo Brewery soon, according to Capital.
Diageo’s Marketing Director for African Regional Markets, Ekwunife Okoli, said the company will be investing in the expansion of the Meta Abo Brewery.
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