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[2] [3] In 1963, a new banking law allows split into the National and Commercial Bank of Ethiopia. The law included other commercial banks to operate, including foreign banks operated 51% owned by Ethiopians. The biggest of these was the Addis Ababa Bank, owned by 40% owned by British owned Grindlays Bank, and had 26 branches by 1975.
The Ministry of Trade and Industry was established in August 1995 with the Proclamation No.4/1995 for assignation of powers to the executive organs of the Federal Democratic Republic of Ethiopia. It was reorganized by with proclamation No 619/2003 to amend the Proclamation No 256/2001 structure, with the ministry has power to oversee five ...
The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country.
This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
There are 12 World Heritage Sites in Ethiopia, with a further six on the tentative list. [3] The first two sites in Ethiopia added to the list were the Rock-Hewn Churches, Lalibela, and the Simien National Park, both at the Second Session of the World Heritage Committee, held in Washington, D.C., in 1978. [4]
During a visit to Khartoum in 2002, Ethiopia's prime minister, Meles Zenawi, hailed Ethiopian–Sudanese ties. [158] The two countries agreed to cancel entry visas and fees on traded commodities, and they stepped up plans to increase trade. [158] Ethiopia began early in 2003 to import oil from Sudan. [158]
Food processing industry is the second largest sector in Ethiopia after agriculture. In 2009/2010, it accounted for 39% of gross value of production in medium and large sized manufacturing, employing 1 million people that comprises about 2% of overall economic activity.
In March 2022, Netflix began to charge a fee for additional users in Chile, Peru, and Costa Rica to attempt to control account sharing. [ 308 ] [ 309 ] [ 310 ] On July 18, 2022, Netflix announced that it would test the account sharing feature in more countries, including Argentina, Dominican Republic, El Salvador, Guatemala and Honduras. [ 370 ]