2merkato

The state owned Commercial Bank of Ethiopia (CBE) disclosed it has advanced, in the past three months, over 14.2 Billion Birr as loan for mega government projects and also the private sector.

Lion International Bank S.C. made a gross profit of 127.2 Million Birr from its last fiscal year operation. This was disclosed by the Board of Directors on Saturday, October 25, 2014.

For the purpose expanding Addis Ababa’s sewerage treatment, the City Administration concluded a Memorandum of Understanding (MoU) with Actor and Denis, companies from Greece and Belgium.

Ministry of Trade (MoT) made an adjustment to retail prices of benzene sold in Ethiopia’s capital, Addis Ababa, and its surrounding areas.

Lucy Insurance S.C., the youngest insurer in the Ethiopian economy, declared it made a total of 4.2 Million Birr profit during the last fiscal year.

A road that will be used for transporting products of Omo Kuraz Sugar Factory is going to be constructed at an outlay of 1.66 Billion Birr and it will stretch for 79 Kilometers.

A finance package of U.S. $ 865 Million has been closed by the Ethiopian government for the purpose of funding some of the nation’s railway infrastructure.

World Bank’s President, Dr. Jim Yong Kim, accompanied by the United Nations’ Secretary Genera Ban Ki-Moon are in Ethiopia for a two days visit. They are set to discuss key development priorities with government officials and development partners.

National Bank of Ethiopia (NBE) disclosed it has reserved over U.S. $ 600 Million loan for the purpose of preventing inflation on cereals and other consumable goods in the economy.

The current Ethiopian budget year, according to Addis Ababa City Roads Authority (AACRA), will witness 504.4 kilometers cobblestone road construction in the capital city, Addis Ababa.