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For the supply of 2000 ATMs and 4000 PoSs, Commercial Bank of Ethiopia (CBE) shortlisted two companies, one a Moroccan company and the other a local company.

Addis Ababa’s Micro and Small-scale Enterprises Development Bureau announced it will start implementing a new system which integrates support from the government to SMEs as well enhance mutual support between themselves.

In addition to VISA, MasterCard and UnionPay, the Ethiopian Bank, Dashen Bank, will be accepting American Express Cards starting from Saturday, July 26, 2014. Nonetheless, the service will at first be accessible only for those who have acquired the card from foreign banks.

Tullow Oil’s exploration well, Gardim-1, which it drilled in the eastern flank of Chew Bahir Basin in Ethiopia is announced to have failed find commercial levels of oil.

Agreements were signed between African Wildlife Capital, a mission-based investment company, and a British- Ethiopian venture for the purpose of building world class boutique hotel in Ethiopia’s Simien Mountains National Park.

There is a deposit of over 20,000 Tons of Tantalum in Oromia State, Geological Survey of Ethiopia (GSE) disclosed.

The first step to allow Ethiopian Airlines to stop at Dublin airport in order to collect passengers has been taken by the Irish government. Ethiopian will make the stop when making its trek to Los Angeles.

Amhara Credit and Saving Institution (ACSI) opened five new branches, Wello Wag area office of the Institute announced.

The Addis Ababa City Administration Cabinet decided to break down Trade and Industry Bureau (TIB) of the city into two distinct organs, one specializing in the city’s trade administration and the other in management of the city’s industry & investment. 

Irish Aid and United States Agency for International Development (USAID) concluded an agreement to provide fund for the purpose of assisting the development and adaptation of technologies as well as business models that require transformation in the Ethiopian diary sector.