Introduction In a recent announcement by the National Bank of Ethiopia (NBE), it has been revealed that five foreign banks will be granted licenses to conduct business in the country. The primary objective behind this initiative is to attract foreign investment while concurrently promoting the growth of domestic financial institutions. Reviews from...
Five Star Consultancy Services Private Limited Company has learned that the Ministry of Trade and Regional Integration (MoTRI) is working on revising a two-decade-old law to re-establish a proclamation for the Chamber of Commerce. The new law will include the industry sector, which has been warmly received by industry actors...
AI is on track to be the next big global technology shift, and in Africa, it has the ability to transform the way businesses are run and society’s function. Mustapha Zaouini, the Chairman of AI in Africa, said the continent is now exploring AI to solve pressing issues such as...
Ministry of Finance announced banning of Forex allocation of several import items including Automobiles, except Electric vehicles. Starting from Monday 17 October, the National Bank of Ethiopia has informed banks to freeze issuance of Letters of Credit (LC) to import more than 38 types of products. The ban will last...
