A policy to open up the banking sector to foreign investment was approved by the Council of Ministers on Saturday. The Council approved to increase the competitiveness, effectiveness, and efficiency of the financial sector. It is expected that the decision will facilitate the supply of foreign currency and increase job opportunities.
Ethiopian Shipping and Logistics Service Enterprise (ESLSE) unveiled it has raised its port clearance capacity to 420 thousand tons of goods at a time.
Portion of the railway linking Ethiopia with Djibouti, Ethiopian-Djibouti Railway, will be inaugurated tomorrow, January 10, 2017. It will be only the portion in Djibouti that will be inaugurated tomorrow. The news was disclosed by Ethiopia’s Ministry of Public Enterprises.
Electric power distribution station built at an outlay of 251 million Birr in Jimma town, Oromia state, has started giving service.
Adama Industrial Park’s power supply has been improving after a newly built electricity distribution station was inaugurated in Adama a few months ago. The station built at a cost of USD 13.5 million distributes 250MW of electric power in Adama.
