2merkato

United Bank S.C. and Dashen Bank S.C. are ready to launch agent banking service after acquiring license from the National Bank of Ethiopia (NBE) last week.

ASCOM Mining Plc is holding talks with Ethiopia’s Ministry of Mines in order to secure a large scale gold mining license.

Poly GCL Petroleum Investment Limited, a Chinese firm, opened office in the capital of Ethiopia on Saturday, November 8, 2014. The office was innagurated by delegates from the Chinese Embassy and Ethiopian State Minister for Mines, Alemu Simye.

Ethiopia is going to host the second 2014 Ethiopian Banking and ICT Summits that will be opened on Friday, November 21, 2014 at Sheraton Addis. The Summit is going to be organized under the theme “ICT for excellence and innovation” by Cyber Africa.

Ministry of Housing, Construction and Urban Development (MoHCUD) bought 57 Million Birr worth hi-tech surveying and mapping hardware and software.

Ethiopian Airlines is set to invest on its Maintenance Repair and Overhaul (MRO) center in order to meet the growing demand of the Airline itself and also render more third-party work.

Dalol Oil S.C. disclosed it will start supplying alternative energy products for Ethiopia’s manufacturing sector by importing coal and petroleum coke (pet coke) this fiscal year.

Awash International Bank S.C. (AIB) launched a new core banking system called Fusion Banking Essence (FBE). This system replaced the previous one dubbed Bank Master.

Ethio Telecom, the state owned telecome monopole, is looking for contractors that will design and constructs its new seven building headquarters. Ethio Telecom plans to construct the headquarters at its IT Park on a 37,000 square meters plot of land.

A Boeing 737 aircraft that was owned by Ethiopian Airlines is sold to become a hotel and restaurant in Burayu town, some 15 km west of Addis Ababa.