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NBE approves directive allowing banks to invest 25% of capital in commercial ventures
The National Bank of Ethiopia (NBE), which regulates the financial industry, has ratified a new directive that allows banks to allocate 25% of their...
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Industrial Park exports decline amid market challenges
The Ethiopian Investment Commission (EIC) has reported that the country's revenue from exports in the current fiscal year has fallen significantly short of its...
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New Leadership elected for Chamber of Commerce
In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has elected a new president and leadership team during its general...
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Ethio Telecom applies for first American loan in over a decade
For the first time in over a decade, the state-owned telecom company Ethio Telecom is in the process of applying for a loan from...
