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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.

Enat Bank S.C. opened its fifth branch on Saturday, July 12, 2014 at Mekato, Dubai Tera. The branch is named after the first female Member of Parliament.

Abay Bank started rendering card banking via Automatic Teller Machines (ATM) on Saturday, July 12, 2014.

For the 2014/2015 fiscal year the Oromia State Council passed the budget to be over 31.6 Billion Birr.

Africa Oil, a Canadian oil company, is going to collect seismic data in Arba Minch, Ethiopia, at a new oil exploration block.

Ethiopia’s Central Statistics Agency (CSA) revealed the nation’s inflation rate fell from 8.7 to 8.5 percent in the year.This is attributed to the slowing rise in food prices.

Agricultural inputs that are worth 8.5 Billion Birr are being distributed in Ethiopia by Agricultural Input Supply Enterprise (AISE). The inputs are being distributed for the 2006/2007 crop season.

According to Canadian Ambassador to Ethiopia, David Usher, investors from his country with a total capital of CAD $ 367 Million have managed to secure license in order to work in Ethiopia.