The state owned tobacco monopole, National Tobacco Enterprise (NTE), has acquired a new machine for the purpose of packaging and producing cigarettes at the cost of 140 Million Birr. The new machine is said to boost the enterprise’s annual capacity to six Billion cigarette sticks.
Addis Ababa Science Museum will host the highly anticipated National Tourism and Hospitality Investment Fair, organized by the Ministry of Tourism, on October 10.
Officials from China Poly Group Corporation met with Ethiopia’s Prime Minister, Hailemariam Dessalegn on Thursday, December 15, 2016. The officials from the Corporation explained that natural gas and oil exploration work being undertaken in Ogaden, Somali State, is bearing fruit.
National Bank of Ethiopia (NBE) disclosed it has reserved over U.S. $ 600 Million loan for the purpose of preventing inflation on cereals and other consumable goods in the economy.
National Bank of Ethiopia (NBE) amended its directive that limited banks investment portfolio to 10 percent of their overall equity investment. The new investment gave central bank the discretion to waive the limit on case by case.
