2merkato

National Bank of Ethiopia (NBE) has allowed local and foreign private companies to engage in capital goods leasing business, according to The Reporter.

The National Bank of Ethiopia (NBE) is to introduce a secondary market in the coming budget year to unravel new financial sources for the private sector that has been dependant on Government Treasury Bill tenders (T-bills).

The National Bank of Ethiopia (NBE) has issued a draft directive restricting small and newly established financial firms from opening branches in Special Economic Zones (SEZs), a move experts say is aimed at encouraging bank mergers.

Frigorrifico Boran Food PLC, a subsidiary Allan Group, will open its new abattoir for business in the coming months. The company built the abattoir in Adami Tulu, Oromia, which is 163 kilometers away from Ethiopia’s capital and it is said it will have the capacity to produce 75 tonnes of meat every day.

The Addis Ababa Abattoirs Enterprise is going to commence construction for a new abattoir, Capital reported. The new abattoir is going to be situated at Hanna Mariam and the construction is expected to start after the last and fourth round of study has been completed. The study is expected to be finished within three to four months.