Business Info ETH

2021-11-09 10:18:42 Berhan Bank appoints acting President

Berhan Bank has appointed Bethlehem Getachew as its acting president after the resignation of its president Abraham Alaro this week.

On Wednesday November 5, 2021 Abraham Alaro who has been serving the bank as president starting from 2014 has submitted his resignation letter to the Board of Directors informing them his resignation on the basis of personal matter.

https://www.capitalethiopia.com/news-news/berhan-bank-appoints-acting-president/

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2021-11-08 15:01:48 The Great Green Wall Initiative

The Great Green Wall is an African-led movement with an epic ambition to grow an 8,000km natural wonder of the world across the entire width of Africa. 

The initiative targets the planting of an 8000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel. Further, it will make a vital contribution to the SDGs.

Learn more: https://www.greatgreenwall.org/about-great-green-wall

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2021-11-08 10:54:05 Interest-Free Banks are not Happy about the Recent Mandatory call to Invest 1% Bond from the Central Bank

Interest-free banks are not all for the mandatory call of NBE that demands financial institutions to invest 1% of their outstanding credit on a bond issued to support the Development Bank of Ethiopia (DBE).

“We cannot invest a penny on something that pays interest, including bond, as it would be against Shariah’s principle,” said Kedir Abas, Strategy Director of Zamzam Bank. “Mudrabah is one possible way as it enables us to invest in Shariah-compliant project financed by the Development Bank of Ethiopia with zero interest and share the profit later,” he added.

https://cutt.ly/8TwXpHH

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2021-11-08 10:45:48 Kebede Bilbila & Beza Trading Offer Highest Price for ECX Membership Seats at Birr 8 Million

ECX is to sell 30 membership seats and companies both offered the highest price seats at Birr 8 million. Buying a seat comes with large privileges but this is now controversial.

“Four coffee exporters were in preparation to offer between Birr 10 million and Birr 11 million. But they withdrew because coffee is currently being sold outside the ECX floor under the direct marketing introduced by the Coffee and Tea Authority. Coffee has already left the ECX floor. There is no guarantee that other major crops like sesame will stay at the floor. Plus, the current conflict and political instability has eroded the confidence of potential buyers. Why should we buy a seat, while rumors are circulating even more commodities will leave the floor and directly be traded between producers and international buyers,” remarked Anwar Ahmed from Afro-color Ethiopia business consult company.

https://cutt.ly/3TwZe4C

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2021-11-08 10:08:09 Exchange Rate for November 08,2021

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2021-11-08 09:35:13 #Ethiopia: AFG is looking for Young Professionals

Africa Foresight Group is looking for critical thinkers, strong problem-solvers, and individuals passionate about building global expertise out of Africa.

Apply here: https://peralta.app/apply?id=2

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2021-11-08 09:34:35 'Going Back to the Basics: Banks vs Fintechs'

According to the Author, Nurhassen Mensur, the article clarifies the dilemma of both practitioners as well as clients within the financial industry about the essence and business models of banks and fintechs.

In addition, Nurhassen said the article provides clarification on why banks and fintechs are destined to converge towards cooperative and competitive arrangements each maintaining their core competitive capabilities.

Find out ETHIO-FINTECH WEEKLY Digital Publication Article of here https://t.me/ethiofintechweekly/352

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2021-11-07 14:06:08 Safaricom Telecommunications Ethiopia PLC is Looking for a Distributer

Safaricom Telecommunications Ethiopia PLC is looking for partners who will distribute products and services, which include but are not limited to, Airtime, mobile telephone, and sim Cards.

If you can meet the criteria listed, send your application to DistributorManagement@safaricom.et no later than 12th November 2021.

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2021-11-07 12:42:19 Top newspapers headlines for today:-

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2021-11-06 13:58:57 Top newspapers headlines for today:-

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