Wegagen Capital Investment Bank (WCIB), Ethiopia’s first licensed private investment bank, has announced plans to broaden its operations to include wealth and portfolio management services, as well as environmental, social, and governance (ESG) aligned and Shariah-compliant financial products.
Wegagen Bank disclosed it is set to soon start giving mobile and internet banking for its customers.
Wereilu, a Woreda in South Wolo Zone of Amhara Regional State, commenced selling opal from its opal mine production. South Wolo zone occupies the first place among the areas in Amhara Region which are identified as having high mineral resources. It is speculated that the zone is also endowed with other types of mineral resources including oil, opal and coal.
The World Food Program (WFP) concluded forward delivery contract for the purchase of 40,000tns of maize from 29 farmers’ cooperatives’ unions, Fortune reported.
The WFP signed agreements with the Agricultural Transformation Agency (ATA), the Commercial Bank of Ethiopia (CBE) and four of the 29 unions, on Tuesday, August 27, 2013, at the Harmony Hotel.
The second shipment of wheat, purchased by the Ethiopian government from Ukraine, is expected to reach the Port of Djibouti by the beginning of September. The total amount of the wheat is two Million Quintals.
