Addis Ababa, February 12, 2021 (FBC) -The Commercial Bank of Ethiopia (CBE) announced that it has made loan service charge rates adjustment from the previous 8.63% average rate to 9.8%. Briefing journalists today, Commercial Bank of Ethiopia President Abe Sano said the interest rates adjustment is aimed at balancing the […]
Daily Archives: April 12, 2021
31 posts
Addis Ababa, February 7, 2021 (FBC) – Prime Minister Abiy Ahmed together with Deputy Prime Minister Demeke Mekonnen and other high ranking officials has inaugurated PhiBela Edible Oil Factory, the giant palm oil processing plant in Africa, in Bure town, Amhara Regional State. PhiBela Oil factory that is believed to […]
Addis Ababa, January 23, 2021 (FBC) –Minister of Mines and Petroleum, Engineer Takele Uma, together with members of the Chemical Industry Corporation Board of Directors, has visited Mugher cement plant. Engineer Takele on the occasion said that efforts will be made to enable the plant produce cement with its full […]
Addis Ababa, January 22, 2021 (FBC) -The Ministry of Foreign Affairs of Ethiopia, in collaboration with Ethiopian Leather Industries Association (ELIA), held an online discussion yesterday to promote ‘Ethiopian High Land Leather’ to the African market. The Ethiopian missions in Kampala, Pretoria, Abuja, Accra, and Rabat have participated in the […]
Addis Ababa, January 20, 2021 (FBC) –Ethiopia’s Minister of Agriculture Oumer Hussien has held discussion with Dirie Ali, a Djiboutian investor who invested in Ethiopia. His company, Alvima Foods Complex PLC, is currently engaged in the production and export of pasta to Djibouti and Somaliland, thus generating foreign currency for […]
Addis Ababa, January 8, 2021 (FBC) -The construction of Dilla Industrial Park in the SNNP regional state has been completed, the regional Industrial Parks Development Corporation disclosed. Dilla Industrial Park is one of the parks planned to be constructed in the region with a cost of over half a billion […]
Addis Ababa, January 6, 2021 (FBC) -Luckin Coffee (China) Co. Ltd., and Louis Dreyfus Company (China) Ltd., have signed a Strategic Cooperation Framework Agreement to purchase Ethiopian coffee beans. The agreement signing ceremony took place yesterday at the Ethiopian Embassy in Beijing in the presence of Teshome Toga, Ambassador of […]