IFC, Authority partnership to birth Ethiopia’s secondary bond market Ethiopia’s bond market is at a turning point as authorities prepare to introduce a new secondary trading platform. This disruption comes …
Tag:
ETHIOPIA
-
-
Banking, Finance & InvestmentBusinessEconomyEthiopiaFinance & Services
Foreign banks granted same entry capital as local banks
Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as local banks, officials at the National Bank …
-
BusinessEconomyEthiopiaINVESTMENT
Ethiopia’s new investment hub anticipates expo to attract $400 million in FDI
Officials at Debre Birhan are eyeing almost USD 400 million in foreign direct investment (FDI) as they edge closer to organize the first regional international expo in the city, which …
-
Banking, Finance & InvestmentBusinessEconomyEthiopia
Government expects saving of 100 million dollar per year from the ban selected import items
The central bank of Ethiopia expects saving close to 100 million dollar per year, from the ban imposed on selected import items. In a circular written on October 14, 2022, …
-
BusinessEconomyEthiopiaTransportation & Logisitics
Railway demurrage suffocates exporters and importers for small delays
Exporters, importers, and logistics companies are irked by the Ethio-Djibouti Railway’s (EDR) exorbitant demurrage charges for small delays. As an alternative to railway transportation, a significant number of businesses are …
-
Banking, Finance & InvestmentBusinessNigeriaWestern Africa
World Bank Partners with IMF to assess Nigeria’s debt sustainability
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during …
-
Banking, Finance & InvestmentBusinessEconomyEthiopia
Central Bank of Ethiopia freezes accounts of 392 currency dealers
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
-
AgricultureBusinessEconomyEthiopiaUncategorized
Amhara Region seeks one million daily laborers to harvest 6.9million quintals
One million daily laborers are required by the West Gondar Zone, which is a part of the Amhara Region, to harvest 6.9 million quintals this month. The call comes as …
-
Banking, Finance & InvestmentEconomyEthiopiaInsurance
Central bank of Ethiopia raises minimum paid-up capital for insurance company
The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September …
-
Banking, Finance & InvestmentBusinessEthiopiaTransportation & Logisitics
Afrexim bank guarantees import of Sinotrucks worth USD 63 mln
Afrexim Bank is guaranteeing the import of 745 trucks payable by four local banks on behalf of Ethiopian transport businesses with a USD 63 million loan. Afrexim Bank guaranteed Jampur …