Ethiopian Business Review

Ethiopian Business Review

Ethiopian Business Review

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In Ethiopia, micro finance institutions (MFIs), which were mostly founded with the aim of fighting poverty, play a big role in addressing the needs of people who are considered ‘high-risk’ by commercial banks. In a country where over 77pct of the population is unbanked, MFIs provide loans to the large portion of the population with very few assets.

Decisive Moments

Sunday, 16 September 2018 09:00 Published in News

Head of governments across Africa convened in Beijing to attend a high-level summit hosted by China. The summit, which was also attended by Prime Minister Abiy Ahmed, is called the Forum for Africa-China Cooperation, FOCAC, and was organized with the aim of increasing diplomatic, economic and bilateral ties amongst the two sides. It started on September 3, 2018, and lasted for two days. The summit kicked off at a time when Chinese financial support to Ethiopia is being cut down.

Parliament Slashes Ministries to 20

Sunday, 16 September 2018 03:00 Published in News

Parliament has unanimously legislated a proclamation that will slash the members of council of ministries from 28 to 20. This includes the amalgamation of the Ministries of Industry and Trade, and the Ministries of Urban Housing Development and Construction.