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Insurance business minimum paid up capital raised to 500 million birr
The minimum paid up capital for insurance companies has expanded by 567 percent to 500 million birr for both general and long term insurance...
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Agriculture ministry, logistics giant celebrate timely fertilizer delivery
Ministry of Agriculture (MoA) and the Ethiopian Shipping and Logistics Services Enterprise (ESLSE) celebrate success attained over a fertilizer consignment which was recorded in...
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Normal Vs parallel exchange rates drift astronomically apart
Due to the increased demand for foreign currencies, the dollar exchange rate at the parallel market skyrocketed making the official and parallel markets to...
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Ethiopost stamps priority to mobile money
By Metasebia Teshome
Ethiopia Postal Service Enterprise shifts its plan to open its own postal bank to mobile money as its financial status is not...
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NBE revises credit directive, agriculture sector to reap benefits
The National Bank of Ethiopia (NBE) revises the external loan and supplier’s credit directive for the third time in less than 15 months. The...
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Tele knits strategy to set pace as digital solutions provider
75 billion birr in revenue projected in 2022/23
Ethio Telecom rolls out a new three year development strategy called LEAD, which is said to...
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MFIs transition to banks triggers financial sector dips
The evolution of some dominant microfinance institutions (MFIs) to banks fizzle the number of MFIs in the sector.
Following the green light from the National...
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ESLSE’s Jigjiga vessel marks new record in containerized cargo
The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) vessel sets a new record on containerized cargo shipment to Berbera Port.
It is recalled that ESLSE’s...
