The Ethiopian Ministry of Mines is planning to draft a law to provide incentives for traditional gold artisans in various parts of the country in an effort to increase exports, Capital reported.
Sinkinesh Ejigu, Minister of Mines, told Capital that the planned law is at its early stage and will be submitted to Parliament after the second quarter of the current fiscal year.
M-BIRR, mobile money transfer system, has been launched in Ethiopia to operate local money transfer, according to The Reporter.
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).
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.
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.
