An Ethiopian delegation led by Ahmed Shide, Ethiopian Minister of Finance, met and discussed with US based companies in Washington DC, on the side of spring 2019 meetings of the International Monetary Fund (IMF) and the World Bank Group (WB).
ZamZam Bank, the first full-fledged interest-free bank in Ethiopia has been officially launched, following its obtaining of operational license from the National Bank of Ethiopia (NBE). The bank is poised to operate under Sharia compliance, barring all forms of interest.
The first mortgage bank in Ethiopia, Goh Betoch Bank, has officially started services in Addis Ababa. The bank has been established with the intent to fully focus on the provision of loans for house construction.
Ethiopia launched its first satellite into space on Friday, 20th December 2019. The launch of the Ethiopian Remote Sensing Satellite took place at a space station in China, while Ethiopian and Chinese officials and scientists gathered at the Entoto Observatory and Research Center on the outskirts of Ethiopia's capital Addis Ababa, to watch a live broadcast.
Ethiopia's first smar tcard manufacturing plant, owned by the local firm Lootah Industries PLC, announced it will start operations in November 2021. The plant will produce GSM SIM cards and supply the cards to Ethio Telecom as per its agreement with the telecom company.
