Ethiopia's ninth national cooperative unions' exhibition and bazaar is underway at the Addis Ababa Exhibition center, themed "Cooperative Marketing for Peace and Stable Market."
The Amhara Credit and Saving Institution reported it has disbursed 4.12 billion Ethiopian birr loan in the just concluded Ethiopian Fiscal Year.
Institution Operation Sector Deputy Manager, Agaje Getahun, told WIC that the loan was distributed among people engaged in manufacturing, wood and metal works, trade, service, animal fattening and agriculture, among others.
Ethiopia's Amhara Credit and Savings Institute (ACSI) is to turn into a bank, the Institute's CEO, Mekonnen YelewimWossen, announced. This, he said, comes in following efforts to turn the microfinance institute into a bank for some nine years, and it will now transform into a bank and go operational in three to six months.
The regional Revenue Bureau of Ethiopia's Amhara region has announced that it has canceled an income tax debt amounting to a billion birr (over $29 million).
Ethiopia's Amhara regional state has inaugurated a bags and carpet factory, built at a cost close to $2.8 million (100 million birr).
