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Central Bank Gives Commercial Banks “Haircut” |
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National Bank of Ethiopia (NBE) issued a new
directive last week, ordering almost all commercial
banks to begin buying saving bills, spending 27pc of
the loan disbursements they have made since July
2010. |
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Gov’t Starts Importing Palm Oil |
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The Merchandise Wholesale & Trade Enterprise (MWITE)
has opened letters of credit (LCs) worth 17.8
million dollars at Commercial Bank of Ethiopia (CBE)
for the first shipment of 12,500tn of palm oil
imported from Malaysia.
The price of palm oil, which is imported duty-free,
has shown a steady increment, increasing from 840
dollars per ton in September 2010, to 934 dollars
per ton in October 2010, according to data from the
IMF’s Malaysian palm oil futures. By February 2011,
the price reached a high of 1,031 dollars per ton,
the data showed.
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Development Bank First to Increase Lending Interest |
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DBE’s increment in the interest of non-priority
loans is applicable only on those that have not yet
been settled, as the bank will be dispersing loans
only to projects in the priority sectors, according
to an official in the credit process department of
the bank.
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Court Grants 10,000 Br Bail Bonds to Leikun+9 |
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Leikun Brehanu, former president of Awash
International Bank (AIB) SC; Mitiku Abush, former
special advisor to Leikun; and eight other
defendants who are charged with an alleged
misdemeanour in handling letters of credit (LCs) ... |
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| Agenda |
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A new proclamation limits the number of different
trade licence... |
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Editor's Note |
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In the global competition for power, the United States (US) ...
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Commentary |
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Despite the lending cap imposed on commercial banks since the beginning
of 2009, the banking industry had disbursed loans
and advances to the tune of 21.4 billion Br up until
June 30, 2010. |
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Read More |
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| Opinion |
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The diffusion of theoretical debates to policy
making arenas is often slow. |
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