2merkato

Ethio Telecom and the Oromia Regional State’s Revenues Bureau have signed an agreement to implement a digital tax payment system through the Telebirr platform. This new system will replace the manual tax collection system, which has been causing unnecessary time and resource wastage for taxpayers.

Amhara Bank has announced that its paid-up capital has reached Birr 6 billion as it celebrates its first anniversary. The CEO of the bank, Henok Kebede, revealed that the bank's assets have reached Birr 28 billion, with Birr 19 billion in deposits and Birr 15 billion birr in loans to customers.

The bank has 1 million customers across its 260 branches in Ethiopia and offers modern mobile banking services, ATMs, POS, and interest-free banking services in addition to regular banking services.

Source: Fana BC

The Belayneh Kinde Group has commenced the assembly of electric vehicles at its plant in Debre Berhan city. The factory has started producing electric minibuses, light buses, and city buses, according to the group's Director of Communications.

Ethiopian Airlines Group, the fastest-growing airline brand globally and the continent’s largest airline brand, and the International Air Transport Association (IATA) signed an agreement on IATA CEIV Live Animals Certification Program on June 20, 2023 at the sidelines of IATA Focus Africa Conference hosted by Ethiopian Airlines Group at Ethiopian Skylight from June 20-21, 2023.

The Commercial Bank of Ethiopia has introduced a new interest-free deposit saving service called Lebbeyk Mudarabah which is designed to help Muslims save for their Hajj or Umrah pilgrimages.

Ethiopian Airlines has announced that it is in the final stages of preparations for the establishment of Nigeria's national airline. The airline will be a joint venture between Ethiopian Airlines and three Nigerian investors, with Ethiopian Airlines holding a 49% share.

The National Bank of Ethiopia (NBE) has announced that it will grant licenses to five foreign banks to operate in Ethiopia. The aim is to bring foreign banks into the country while also supporting the development of local financial institutions.

The Federal Public Procurement and Property Authority (PPPA) has announced that starting from July 2023, 169 federal institutions will conduct their procurement electronically. The electronic procurement system (EPS) is designed to eliminate corruption and malpractices, and prevent budget embezzlement. It is expected that up to 25% of unnecessary expenses will be avoided after the system starts to be implemented.

Ethiopian Airlines Group, the fastest-growing airline brand globally and the continent’s leading airline brand, has been crowned with ‘The Best Airline in Africa’ title at the prestigious SKYTRAX 2023 World Airline Awards during the Paris Air Show held in France, Paris on June 20, 2023. It is the sixth time in a row that Ethiopian Airlines has been recognized as the Best Airline in Africa at the SKYTRAX World Airline Awards.

The United Kingdom has launched a new trade framework program that aims to benefit 65 countries, including Ethiopia, by easing trade regulations and taxes for these countries. The UK International Trade Minister, Nigel Huddleston, announced the new trade plan which is expected to allow developing countries to export a wide range of goods duty-free to the UK in Addis Ababa.