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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

Education

Foundation invests $700 billion in Africa’s capacity building

The African Capacity Building Foundation (ACBF) the sepecialized agency with 40 African member states, says it has invested over $700 billion on capacity development in different African countries since its establishment in 1991.

Posted on January 26, 2018January 26, 2018 Author newbusinessethiopia Comments Off on Foundation invests $700 billion in Africa’s capacity building
Ethiopia secures $1.6 billion additional revenue capturing fake invoices
Trade

Ethiopia secures $1.6 billion additional revenue capturing fake invoices

By Andualem Sisay Gessesse – China and the United Arab Emirates (UAE) are the major sources of fake invoices importers in Ethiopia are using, says Ethiopian Revenue and Customs Authority (ERCA).

Posted on January 24, 2018September 24, 2018 Author newbusinessethiopia Comments Off on Ethiopia secures $1.6 billion additional revenue capturing fake invoices
Health

UK’s Butyl introduces products to Ethiopian market

By Andualem Sisay Gessesse – Butyl Products Group (BPG), United Kingdom’s company specialized in design, development, manufacture and installation of liquid containment module systems introduces two products to customers in Ethiopia.

Posted on January 24, 2018October 30, 2018 Author newbusinessethiopia Comments Off on UK’s Butyl introduces products to Ethiopian market
Economy

Corruption a scourge Africa can do without, says ECA’s Biha

Corruption is a scourge that has to be combated if Africa is to achieve the laudable goal of leaving no one behind as enshrined in the 2030 Agenda for sustainable development, says Economic Commission for Africa’s (ECA) Deputy Executive Secretary, Giovani Biha.

Posted on January 23, 2018 Author newbusinessethiopia Comments Off on Corruption a scourge Africa can do without, says ECA’s Biha
Economy

Women network urges AU to escalate fight against corruption

The African Union Member States must take critical steps to eradicate corruption in Africa that perpetuates gender inequality and the disempowerment of women and girls in the continent, women network urges.

Posted on January 22, 2018January 22, 2018 Author newbusinessethiopia Comments Off on Women network urges AU to escalate fight against corruption
Politics

Ethiopia drops charges against 528 political prisoners

By Andualem Sisay Gessesse – Ethiopian government, which has been denying political prisoners in the country, today announced its decision to stop court case of 528 political prisoners, including the Chairman of Oromo Federalist Congress, Merera Gudina (PhD).

Posted on January 22, 2018January 22, 2018 Author newbusinessethiopia Comments Off on Ethiopia drops charges against 528 political prisoners
Finance

Ethiopia expects 47% tax revenue increase this year

BY ANDUALEM SISAY GESSESSE – The total tax income of Ethiopia for the current year will increase by 47% compared to the previous year, says Ethiopian Revenue and Customs Authority (ERCA).

Posted on January 10, 2018 Author NBE Comments Off on Ethiopia expects 47% tax revenue increase this year

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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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