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Hawassa Bank, still under formation, has requested that National Bank of Ethiopia transfer of equity contributions of shareholders to Berhan International Bank. The promoters for Hawassa decided on the merger with Berhan following the increase in capital requirement for banks by the central bank last September.

Berhan Bank is more active and its management has agree to work on the merger in good faith said Solomon Afework, Promoter of Hawassa Bank.

A Memorandum of Understanding for a merger was signed a month ago but the move was rejected by the National Bank which stated that such a merger between a bank still under formation and one that is already established is not allowed in Ethiopian law according to Solomon.

The Ethiopian Ministry of Communications and Information Technology is considering a new bill to certify the competence of exporters, importers, wholesalers and retailers in the IT and electronic sector in Ethiopia.

The bill has been sent to the Ethiopian Information and Communications Technology group for review.

The new will bill require industry operators to hire a range of professionals from various fields including technicians to maintain and service electronic and IT equipment to receive accreditation.

A new soyabean bio fertilizer technology introduced to farmers in Jimma improved productivity according to the Ethiopian Agricultural Research Institute.

Utilizing the new soybean bio fertilizer will not only improve productivity but it will also decrease fertilizer costs said Dr. Solomon Assefa, Director General of the Institute.

The agricultural institute is committed to the expansion of the technology across the country in partnership with different stakeholders he noted.

Mogle Bottled Water Manufacturing, a sister company to Abbahawa Trading PLC, has launched bottled water called One on Saturday, September 5, 2015, at Sheraton Addis.

Top Natural Water joined Ethiopia’s bottled water market being the 68th brand. The water is being purified and bottled by Abebe Dinku Water and non-Alcoholic Beverages Factory, which has an investment of 273 million Birr.