Council of Ministers approves the receipt of USD 1.13 billion in loans
The loans are going to be used to finance four development projects that the government is undertaking.
The loans are going to be used to finance four development projects that the government is undertaking.
In related developments, the National Bank of Ethiopia has also introduced a new paid-up capital requirement for banks.
Ethiopia is currently in dire need of increasing its foreign currency reserves but the policies it has adopted to do that have had negative ripple effects even on its foreign…
The fund is part of African Development Bank's Africa Digital Financial Inclusion (AFDI), a program that is a collaboration with the Bill and Melinda Gates Foundation and the governments of…
The feud is over interest payments to Amhara Bank for using its accounts; commercial banks say they are not required to pay interest on closed accounts.
The first stimulus package for the hospitality industry expired on November 10th, 2020.
Ethio Lease has also provided more than 85 combine harvesters to farmers across Ethiopia.