The Ministry of Labour and Skills is working to make government-guaranteed loans available to enterprises. During a consultation held on challenges faced by enterprises in Ethiopia, Nigusu Tilahun, State Minister of Ministry of Labour and Skills, stated that the envisaged scheme would solve financial challenges for enterprises and enhance their effectiveness.
The Ministry of Agriculture (MoA) revealed that over 2.1 million hectares of land have been cultivated under contract farming to produce approximately 38 million quintals of crops during the 2024/25 harvest season.
The Ministry of Agriculture (MoA) has unveiled plans to establish 18 livestock collection centers in nine pastoralist and semi-pastoralist clusters, aiming to enhance Ethiopia's livestock market. The centers will be constructed in key livestock regions, with three clusters each in Oromia and Somali, one in Afar, and two in the South and South West states.
Coffee and Tea Development and Trade Authority is going to be established to advance Ethiopia’s benefit from the sector, according to the Ministry of Agriculture (MoA).
A mobile phone application called Nedaj was launched on Saturday after an agreement was inked between the Commercial Bank of Ethiopia (CBE) and EagleLion Systems Technology Company. The agreement was signed by Dahlak Yigezu, CBE’s Digital Banking Vice President and Besufikad Getachew, CEO of EagleLion.
The application which will allow customers to carry out fuel transactions digitally is expected to establish a convenient and fast payment system. Vehicle owners and gas stations can use the service by installing the application on their mobile phones and connecting it to CBE-Birr, a mobile banking service streamed by CBE.
According to Besufikad Getachew, “it is possible to upgrade the mobile phone application, which has great importance to vehicle owners, gas stations, and fuel regulatory bodies, by modernizing our country’s fuel marketing”.
Source: Fana BC and Capital Ethiopia
Image source: Fana BC
