New Mobile Banking System Called M-BIRR Launched
M-BIRR, mobile money transfer system, has been launched in Ethiopia to operate local money transfer, according to The Reporter.
New Salt Plant Begins Operations in Dire Dawa, Ethiopia
An iodized salt processing plant, Soda King Factory, has gone operational in Dire Dawa Industry Zone, Ethiopia, with a capital of 150 million birr ($4.5 million).
New Service for “Bigger Customers” by Commercial Bank of Ethiopia
The Commercial Bank of Ethiopia (CBE) has launched a new service for its customers it refers as “premium and business customers”. Customers who visit the Bank frequently or have a deposit that is more than one Million Birr can get the new service at a separate customer service window.
New Strategy Drafted for Registration of Expats Housing Program
The Ethiopian Ministry of Foreign Affairs together with the Ministry of Urban Development & Construction, and Commercial Bank of Ethiopia , are finalizing a new housing registration strategy for Ethiopian expats.
The move was following problems during the registration period which ran from 12-23 August, 2013 marked by numerous challenges, such as lack of guidelines to identify eligible expats for the housing program.
New Tantalum Discoveries in Ethiopia
Kenticha Borena-Ethiopian Mineral Development SC announced new tantalum ore discoveries at the Kenticha tantalum mine to be found in Oromia Regional State of Ethiopia.
The newly discovered tantalum reserve is estimated to of high quality and approximately 2500 tons according to experts with the EMDSC.
The company has so far been engaged in surface mining and the discovery of primary ore is expected to enhance its production significantly explained the experts.
