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The National Bank of Ethiopia, the country's central bank reduced the reserve requirement of commercial banks to 5% from 10%. This is the second time the NBE has reduced the reserve requirement in two years, from the highest 15pc three years ago. Add a comment Add a comment

The 174km Ginir-Beredimtu- Imi gravel road constructed at a cost of more than 802 million Birr has opened to traffic, the Ethiopian Roads Authority said. Communication Director with the Authority, Samson Wondimu told ENA on Wednesday that the road links different towns and localities in Somali and Oromia States. Samson said construction of the road has been undertaken in two phases, the 90km Ginir-Imi-Gode road and the 84km Beredimtu-Imi road. Add a comment Add a comment

Communication technologies manufacturer, Ericsson said it has equipped the Millennium Village Project located in northern Ethiopia with network infrastructure and service to introduce voice and data communications.

Ericsson said,  with access to 3G connectivity, more than 4,000 students and their teachers at two schools involved in the 'Connect To Learn initiative' now have access to modern learning and teaching resources through Ericsson’s cloud-computing solution. Add a comment Add a comment

The Ethiopian Civil Aviation Authority announced, it has concluded a bilateral air transport agreement with its Spanish counterpart. The Authority said, the agreement will further enhance the existing diplomatic, people-to-people, trade and investment relationship between the two countries. Add a comment Add a comment