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  • Bunna Bank of Ethiopia profit up 46 percent
  • Ethiopia’s Nib bank makes 928 million birr profit
Monday, December 09, 2019
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Month: December 2019

Dr. Takao Toda, Vice president in charge of TICAD, JICA speaking on the importance of triangular cooperation among Japan, India and Africa at the panel this morning. behind from right - Mr. David Rasquinha, managing Director of Export-Import Bank of India next to Mr. Moriyuki Aida, JBIC Executive officer for Europe, the Middle East and Africa who is in the middle.- Photo- newBusinessEthiopia.com
Finance

Japan invites Africa, India to use $4 billion investment fund

BY ANDUALEM SISAY – AHMEDABAD, INDIA – Japan Bank for International Cooperation (JBIC) invites African and Indian companies to form joint venture and access the $4.1 billion investment fund waiting for them.

Posted on May 31, 2017May 31, 2017 Author newbusinessethiopia Comments Off on Japan invites Africa, India to use $4 billion investment fund
Ethiopian Airlines, Germany's ACM Aerospace partner to manufacture aircraft parts
Hospitality

Ethiopian Airlines adds flight to Seychelles

Ethiopian Airlines, the fastest growing and most profitable African airline, is set to add a 6th weekly flight to Seychelles as of 6th December 2017, the Airline said.

Posted on May 31, 2017 Author newbusinessethiopia Comments Off on Ethiopian Airlines adds flight to Seychelles
Technology

Cisco, IBM partner to tackle cybercrime

Cisco and IBM Security today announced they are working together to address the growing global threat of cybercrime.

Posted on May 31, 2017May 31, 2017 Author newbusinessethiopia Comments Off on Cisco, IBM partner to tackle cybercrime
Hospitality

Hilton receives Ethiopia’s Hotel 2017 award

Hilton Addis Ababa receives ‘Ethiopia’s Hotel of the Year 2017’ awarded by International Hotel Network Global Awards.

Posted on May 30, 2017May 31, 2017 Author newbusinessethiopia Comments Off on Hilton receives Ethiopia’s Hotel 2017 award
Health

United States construct referral public health laboratory in Ethiopia

Agencies of the United States government inaugurated regional referral public health laboratory in Ethiopia and handed over to the Tigray National Regional State.

Posted on May 29, 2017May 29, 2017 Author newbusinessethiopia Comments Off on United States construct referral public health laboratory in Ethiopia
Agribusiness

African Development Bank approves programs for next year

Concluding their 2017 annual meetings in Ahmedabad, India, the Board of Governors of the African Development Bank (AfDB) and the Board of Governors of the African Development Fund (ADF) approved programs for the coming year.

Posted on May 25, 2017May 25, 2017 Author newbusinessethiopia Comments Off on African Development Bank approves programs for next year
Trade

African chambers of commerce discusses cross border trade

The Pan African Chamber of Commerce and Industry (PACCI) and the African Trade Policy Centre (ATPC) discussed ways on how African chambers of commerce utilize single windows system that ease cross border trade.

Posted on May 25, 2017May 25, 2017 Author newbusinessethiopia Comments Off on African chambers of commerce discusses cross border trade

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Europe provides 170 million Euros to Ethiopia’s reform
Politics

Europe provides 170 million Euros to Ethiopia’s reform

Posted on December 8, 2019December 8, 2019 Author newbusinessethiopianews Comments Off on Europe provides 170 million Euros to Ethiopia’s reform

The European Union provides 170 million Euros to the government of Ethiopia supporting the political and economic reforms the east African country embarked on.

Historic AU building in Ethiopia gets additional plot

Historic AU building in Ethiopia gets additional plot

Posted on December 7, 2019December 7, 2019 Author newbusinessethiopia Comments Off on Historic AU building in Ethiopia gets additional plot
German MP urges Ethiopia to avoid deadly unrest after election

German MP urges Ethiopia to avoid deadly unrest after election

Posted on December 3, 2019December 5, 2019 Author newbusinessethiopia Comments Off on German MP urges Ethiopia to avoid deadly unrest after election

Ethiopia to Create 20 Million Jobs

https://youtu.be/LB9iVUaoRJ4
French agency boss launches a book in Ethiopia
Economy

French agency boss launches a book in Ethiopia

Posted on December 6, 2019December 6, 2019 Author newbusinessethiopia Comments Off on French agency boss launches a book in Ethiopia

Calling for a new mindset to reconcile differences at every stage of the society across the world, a new book by Remy Rioux, CEO of Agence Francaise De Development (AFD) entitled, “Reconciliations”, is launched today in Addis Ababa, Ethiopia.

International conference to address Ethiopia’s pressing challenges

International conference to address Ethiopia’s pressing challenges

Posted on December 5, 2019December 5, 2019 Author newbusinessethiopia Comments Off on International conference to address Ethiopia’s pressing challenges
Germany funds Ethiopia’s homegrown economic reform

Germany funds Ethiopia’s homegrown economic reform

Posted on December 2, 2019December 2, 2019 Author newbusinessethiopia Comments Off on Germany funds Ethiopia’s homegrown economic reform
Abyssinia Bank makes one billion birr profit
Finance

Abyssinia Bank makes one billion birr profit

Posted on December 9, 2019December 9, 2019 Author newbusinessethiopianews Comments Off on Abyssinia Bank makes one billion birr profit

Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion birr (close to $32.8 million at the current exchange rate), for the financial year concluded June 30, 2019.

Bunna Bank of Ethiopia profit up 46 percent

Bunna Bank of Ethiopia profit up 46 percent

Posted on December 8, 2019December 8, 2019 Author newbusinessethiopia Comments Off on Bunna Bank of Ethiopia profit up 46 percent
Ethiopia's Nib bank makes 928 million birr profit

Ethiopia’s Nib bank makes 928 million birr profit

Posted on December 7, 2019December 7, 2019 Author newbusinessethiopia Comments Off on Ethiopia’s Nib bank makes 928 million birr profit

East Africa Meeting In Asmara

https://youtu.be/xVcrUQ5K0qM
Investment

Cepheus Capital invests in Ethiopia’s Tabor Ceramics

Africa Free Zones meeting opens in Addis Ababa
Investment

Africa Free Zones meeting opens in Addis Ababa

Ethiopian telecom regulators meet global investors
Investment

Ethiopian telecom regulators meet global investors

IFC invests in Ethiopia to boost malt production
Investment

IFC invests in Ethiopia to boost malt production

Investment

Media owners meet for maiden Ethiopian Media Council assembly

Ethiopia's Batu invites investors to build lodges on Lake Zway
Investment

Ethiopia’s Batu invites investors to build lodges on Lake Zway

Investment

Forum to mobilize billions of dollars for Africa’s infrastructure

Foreign direct investment turns to foreign direct exploitation
Investment

Foreign direct investment turns to foreign direct exploitation

Manufacturing

Classic Sugarless Coca-Cola comes to Ethiopia

Addis set to host Africa fashion week
Manufacturing

Addis set to host Africa fashion week

Ethiopia plans to produce 483,000 tons of sugar
Manufacturing

Ethiopia plans to produce 483,000 tons of sugar

Manufacturing

Ethiopia gets first foreign leasing company

Manufacturing

Hong Kong company takes Ethiopia’s Bahir Dar Industry Park

Manufacturing

Chinese to invest $500 million in industrial park in Ethiopia

Africa adviced to reduce over-dependence on imported medicines
Manufacturing

Africa adviced to reduce over-dependence on imported medicines

Ethiopia awards Jimma Industry Park to Chinese company
Manufacturing

Ethiopia awards Jimma Industry Park to Chinese company

78 killed in Ethiopia following Oromo activist Facebook post
Crime

78 killed in Ethiopia following Oromo activist Facebook post

Crime

Two Nigerians die on flight trafficking narcotic drugs

Ethiopia foils IS, Al Shabaab terrorists’ attack
Crime

Ethiopia foils IS, Al Shabaab terrorists’ attack

Crime

UN condemns killings of two aid workers in Ethiopia

Crime

Ethiopia police captures 15 Kalashnikov guns

Crime

Electric transformer theft in Ethiopia increases

Crime

Addis Ababa bans motorcycles movement to reduce crime

Crime

Study finds 3,200 civil servants with forged credentials in Ethiopia

How continental free trade benefits Africans
Trade

How continental free trade benefits Africans

African free trade can create 2 million jobs, doubles growth
Trade

African free trade can create 2 million jobs, doubles growth

Trade

Ethiopia, Kenya to explore grain trade opportunities

Forum discusses logistics challenges in East Africa
Trade

Forum discusses logistics challenges in East Africa

Ethiopia needs 15 years to implement Africa free trade deal
Trade

Ethiopia needs 15 years to implement Africa free trade deal

Ethiopia earns $318 million from horticulture
Trade

Ethiopia earns $318 million from horticulture

Trade

Ethiopian Airlines begins cargo flights to Bangkok, Hanoi

Ethiopia imports worth $2.8 billion fuel
Trade

Ethiopia imports worth $2.8 billion fuel

| Newspaper Lite by themecentury.
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