The National Bank of Ethiopia recently ordered private banks to purchase their owns shares from Ethiopian shareholders of foreign citizenship. The NBE further instructed the private banks to purchase these shares at par value (or the original purchase value of the shares) and then sell it at current market rate, surrendering the difference in value to the NBE. Read more
VOA Tigrigna, in its People to People program, invited Mr. Alula Solomon (Ethiopian), and Mr. Amanuel Be’edemariam (Eritrean) to discuss the implication of Ethiopia joining the UN Security Council as a non permanent member for two years term. Listen to an audio of the discussion.
by Zesilase Gedai ( Mekelle): Relief Society of Tigray (REST) had achieved three international standard best practices in its three paradigm shift periods: the drought mitigation period, Rehabilitation and Disaster prevention middles to the development plus stage. Read more
Addis Ababa, December 27, 2016 (FBC) – The first phase of Mekelle industrial park, which is located in Tigray Regional State, is expected to be completed next February, according to the state trade and industry bureau. Read more
ADDIS ABABA, Ethiopia (AP) — Miruts Yifter, an Ethiopian running legend who inspired world-class athletes like Haile Gebreselassie, has died in Canada at age 72, his family and Ethiopian Athletics Federation officials told the Associated Press on Friday. Read more