Tag: Business

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Over $872 Million Earned from Tourism in first quarter

The Ministry of culture and tourism said that Ethiopia had earned over $872 million from foreign visitors during the first quarter of this budget year. Public and International Relations Head

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Chinese Firm Helps Ethiopian Primary School Address Water Shortage

A Chinese heavy machinery manufacturer is helping an Ethiopian primary school with a water cellar project to address water shortage. The project harnesses rainwater for the

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Ministry Offering Hoteliers Successive Standard Service Training

The Ministry of Culture and Tourism said the hospitality sector is registering progress providing standard services as to the dictates of modern time. Speaking at a

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Exploiting Renewable Energy Resources for Viable Development

If we look over the experience of developed countries, the development of their energy sources played indispensable role for achieving economic advancement. The industrial revolution

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Merkato,America Gibe sees Another Massive Bid

As expected a staggering 355,500 birr or  $15,872 US* per square meter was offered by Garden Real Estate for 1,380 square meters of land located in Addis Ketema sub-city

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Lucy Insurance Earned 13.3 Million Birr

Lucy Insurance S.C., one of Ethiopia’s private insurance companies, has registered a net profit of 13.3 million Birr. The insurance company’s performance shows a 57

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5 Ethiopian Commodity Exchange Seats Sold

5 membership seats of Ethiopian Commodity Exchange (ECX) has been sold at a bid floated for the public. The highest bid price was 2.5 million

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United Insurance Made 60.81 Million Birr

United Insurance Company (UNIC), one of the private insurers in Ethiopia, has reported a net profit of 60.81 million Birr in the past fiscal year.

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Ethiopian Airlines to Add Frequency to Cape Town, South Africa

Ethiopian Airlines, the fastest growing and most profitable African airline proudly announces that all has been set to increase flight frequency to Cape Town to 10 times weekly

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National Bank of Ethiopia tells Foreign Nationals to return share certificates

The National Bank of Ethiopia (NBE) has issued a directive to all banks instructing that all shareholders with foreign citizenship should return their share certificates to the banks. The

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Ethiopian Airlines to Make 10 Weekly Flights to Cape Town

Ethiopian Airlines, the fastest growing and most profitable African airline proudly announces that all has been set to increase flight frequency to Cape Town to

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Berhan Bank Experiences Huge Profits

Berhan International Bank saw a 152 percent increase in profits last fiscal year. According to the report of Berhan Bank their net profit before tax

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