2merkato

Bunna Bank announced that it was preparing to build a new headquarters in Addis Ababa. This was announced during the bank’s 13^th general meeting which was held on Sunday.

Bunna Bank, by employing 100 million birr, improved its servers and card-banking switches and is also prepared to introduce three new services; mobile, internet and agent banking. The Bank’s servers were upgraded by Oracle, an American software company while the switches were installed by M2M, a company which is based in Morocco and which specializes in secured electronic transactions processing solutions. The Mobile, internet, and agent banking services are currently being developed by Virmati Software and Telecommunication, a mobile and telecommunications contractor for the banking & finance industries.

The Amhara State Industry and Urban Development Bureau announced it has managed to give license to some 833 projects with a combined capital of 9.9 Billion Birr during the current fiscal year. The license is given to projects that will undertake different investment projects.

Addis Ababa Trade Bureau nullified 11 gas stations’ trading permits that are accused for the current shortage of fuel in the capital of Ethiopia.

Micro and Small Enterprises (MSEs) Development Bureau of Addis Ababa anounced job creation plan for 235,000 people during the current Ethiopian Fiscal Year.

In a press conference held Thursday, October 24, 2013, Tilahun Worku said, the jobs will be created in manufacturing, construction, agriculture, trade and services sectors.