Capital lease finances company opens shop

12 August 2019 By Kaleyesus Bekele Ethio Lease to import USD 200 million worth of machineries The National Bank of Ethiopia (NBE) has licensed the first foreign capital lease finance company called Ethio Lease. Ethio Lease was established by African Asset Finance Company, a New York City-based finance company, with a registered capital of 400 million birr. The company plans to […]

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Coffee Growing Nations Plan UN Protest as Slump Ruins Farmerss

Presidents from coffee-growing nations are planning to use this year’s meeting of the UN General Assembly to demand higher prices from the world’s biggest roasters. Brazil’s President Jair Bolsonaro is one of the leaders expected to join the protest in September, along with Colombia’s Ivan Duque, said Roberto Velez, head of Colombia’s coffee growers federation. “It is not just farmers […]

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The adverse impacts of Mekelle’s human and vehicle population growth and solutions

By Tesfai Hailu, May 01, 2019 Although, to my knowledge, up-to-date population or a reliable vehicle registration data is not available, a drastic population increase in human as well a vehicle (including those with license plates from outside Tigrai) has been starkly visible in Mekelle, particularly for the last year. However, while this growth is a testimony of the city’s […]

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Mostly Ethiopian Coffees

Twenty five United States coffee roasting companies have been named as finalists for 2019 Good Food Awards. The awards program, now in its ninth year, celebrates food products and their makers in numerous specialty food categories not merely for quality, but for sustainable sourcing and social impact. Coffee is the only product category in which the ingredients don’t need to […]

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Abay bank, WorldRemit strengthen ties to aid transfers

Abay Bank and WorldRemit are forging a relationship to help facilitate the transfer of funds from the growing Ethiopian Diaspora communities via its digital online low-cost money transfer service. This is its seventh partnership with local banks; including the state-owned Commercial Bank of Ethiopia (CBE). Sharon Kinyanjui, Head of East and Central Africa at WorldRemit, said in a press conference […]

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