2merkato

Visa Inc., which is piloting Ethiopia's first international debit card, is seeking to convince the government to loosen strickt restrictions on banks in an effort to boost the use of electronic payments, Reuters reported.

The Ethiopian Airports Enterprise (EAE) announced it is going to install a new baggage handling system (BHS) at the Bole International Airport. EAE said the new BHS is to be built at the cost of 92 Million Birr and the construction will commence on September 2014.

Ethiopian Airlines announced it will start to fly four times a day to Nairobi starting from June 1, 2014. Ethiopian will service the route with the Airlines’ latest feet, the B737-800 New Generation with Sky Interior.

Penny Pritzker, US Secretary of Commerce, said her country has made plans to open a trade liaison office in the capital of Ethiopia in order to facilitate commercial ties with Ethiopia.

Kebede Chane, Minister of Trade, said Ethiopia might delay its plan to join the World Trade Organizations (WTO) by 2015, if the nation is asked to liberalize its telecom and banking sectors sooner than the time it plans to, Reuters reported.

Prime Minister Haile Mariam Desalegn has inaugurated Ethiopia’s cash and carry wholesale enterprise, ALLE Wholesale, on Monday. The inaugural ceremony took place in Addis Ababa by opening a store around Megenagna.

Delegates of 100 Turkish businesses are expected to meet with Prime Minister Haile Mariam Desalegn here in Ethiopia to discuss possible investment opportunities.

Development Bank of Ethiopia (DBE) announced it has extended a 4 Billion Birr loan to mega projects in the past nine months of the current fiscal year, according to the Ethiopian News Agency.

MIDROC Gold PLC., an Ethiopian gold mining company, announced it will start producing gold at Sakaro, in Juji Zone of Oromia State, according to The Reporter.

Ethiopian Shipping and Logistics Service Enterprise (ESLSE) announced it has made a profit of 800 Million Birr from total revenue of 6.7 Billion Birr during the last eight months of the current fiscal year, Capital reported.