Governor Mamo Mehretu of the National Bank of Ethiopia (NBE) addressed the ongoing financial sector reforms at the 7th Annual East African Finance Conference in Addis Ababa. He revealed a significant rise in the loan portfolio of Ethiopian financial institutions, now standing at Birr 2.3 trillion.
Fincha Sugar Factory is undertaking expansion work to double it’s production capacity, Ethiopian News Agency reported.
Fincha Sugar Factory, one of Ethiopia’s sugar manufacturers, has started production again on Tuesday, March 17, 2015 after a fire that broke out damaged some of its machines. The machines damaged at one of the factory’s sections are now repaired.
The first city bus transportation service launched in Mekele, the capital of Tigray Regional State on June 8, 2015 with 14 million Birr cost, according to Addis Fortune.
The Ministry of Innovation and Technology (MinT) organized the first National Internet Governance Conference in Addis Ababa under the theme ‘Internet for Inclusive Development’.
Speaking on the occasion, Huria Ali, State Minister of MinT, stated that major changes in politics, economy and social movements were being introduced by digital platforms which had positive roles on development. However, according to the State Minister, digital platforms and the internet could also have negative consequences such as cyber-attacks and misinformation. Accordingly, she revealed that MinT was preparing a draft proclamation on internet governance and cyber crimes to reverse threats on the country and provide safe services to the public.
