ADDIS ABABA, Sept. 30 (Xinhua) — The following are news highlights in Ethiopia’s major media outlets on Sunday.
— The Irreechaa, the Oromos Thanksgiving Day, is going to be celebrated on Sunday in the presence of a large gathering at Hora Arsedi in Bishoftu town.
Irreechaa is one of the elements of the Geda System, by which the Oromos have been governing themselves for centuries. The Geda system has been inscribed by UNESCO as an Intangible World Heritage. (Ethiopian Broadcasting Corporation/EBC)
— The Development Bank of Ethiopia said its Non-Performing Loan (NPL) ratio rose to 40 percent in 2017/18 from 9.9 percent in 2013/14.
During a press conference on the major achievements and challenges of the bank over the last five years, President of the Bank, Haileyesus Bekele, said the rise is mainly due to the ineffectiveness of rain dependent commercial farming projects. (Ethiopian News Agency/ENA)
— Ethiopian Foreign Minister, Workneh Gebeyehu, who has led Ethiopia delegation to the UN general assembly, has held discussion with Eritrea and Djibouti counterparts on various issues.
Their talks focused on strengthening trilateral peace, friendship and cooperation among the sisterly neighboring countries in the premise of Ethiopian Permanent Mission in New York. (EBC)
— Participants of the 10th Organizational Congress of Southern Ethiopia Peoples’ Democratic Movement (SEPDM), one of the four members of EPRDF coalition (Ethiopia’s ruling party), have expressed their belief that strong resolutions which accelerate the ongoing reforms at regional and national levels will be passed. (ENA) Enditem
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