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Etiopia
NBE Tells CBE to Stay Away from Project Finance
The National Bank of Ethiopia (NBE) has urged the state-owned giant, Commercial Bank of Ethiopia (CBE), to focus on providing working capital, leaving project financing to the state policy bank,…
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Etiopia
Donkey Abattoir Still in Business Despite Ban
Despite a ban from the Bishoftu city administration, Shandong Dong, the first donkey slaughterhouse in Ethiopia, is carrying on with the business until the stock of donkeys it has already…
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Etiopia
Sabir Argaw Seeks Enforcement to Buy Foreign Partners Out of Repi
Sabir Argaw, one of Ethiopia’s prominent businessperson with diversified interests under AL-SAM Plc, has filed civil suit taking his foreign partners to the Federal High Court, claiming an enforcement of…
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Etiopia
CBE Puts Private Banks in Cash Strap
The National Bank of Ethiopia (NBE) has advanced to the state-owned banking giant, Commercial Bank of Ethiopia (CBE), one billion dollars in foreign currency, which risks putting private banks in…
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Etiopia
Belayab Breaks into Pickup Rental Business
Belayab Motors signed an agreement with Huawei Technologies Ethiopia Plc (HTE) to provide car rental services costing 1,800 Br per day for the next three years for use around Addis…
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Etiopia
Donkey Meat Up for Export, Slaughterhouse Opens
Ethiopia is to export donkey’s meat, following the start of operations at a slaughterhouse in Bishoftu (Debrezeit) town, 48Km east of Addis Abeba. Shandong Dong, a donkey slaughterhouse, has just…
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Etiopia
Ethiopia Extends Emergency Law
Ethiopia’s Parliament has voted to extend the state of emergency by four months. Tabled today, March 29, 2017, a bill titled “State of Emergency Proclamation for the Maintenance of Public…
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USA
Banks are finding it harder to attract young recruits
“FIST BUMP, MAN.” That was how a young employee at Bank of America Merrill Lynch expressed his approval after a presentation to staff, recalls Diego De Giorgi, head of investment banking there. The boss obliged. After a recent “town hall” meeting he got an e-mail from a second-year analyst who ...
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USA
A decade after the financial crisis, how are the world’s banks doing?
THE ELECTION OF Donald Trump as America’s 45th president dismayed most of New York; Mr Trump’s home city had voted overwhelmingly for another local candidate, Hillary Clinton. But Wall Street cheered. Between polling day on November 8th and March 1st, the S&P 500 sub-index of American banks’ share prices soared ...
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Uruguay
Itaú y Carrasco Polo Club juegan en equipo
Ambas instituciones firmaron un acuerdo de relacionamiento comercial por cinco años con importantes beneficios para los socios clientes de Itaú.