Ethiopia: National Tourism and Hospitality Investment Fair to Launch on October 10
Addis Ababa Science Museum will host the highly anticipated National Tourism and Hospitality Investment Fair, organized by the Ministry of Tourism, on October 10.
Ethiopia: Natural Gas and Oil Exploration Being Fruitful
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.
Ethiopia: NBE Allocated Over U.S. $ 600 Million for Avert Inflation
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.
Ethiopia: NBE Amended Directive to Relax Banks’ Investment Cap
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.
Ethiopia: NBE Amended Forex Directive
National Bank of Ethiopia (NBE) has slightly amended its forex directive, which it promulgated a year ago. When the directive came out a year ago it was aimed to allocate and manage foreign exchange (forex) in a transparent and sound manner. The directive came to effect on March 20, 2017.
