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  • Abyssinia Bank makes one billion birr profit
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  • Europe provides 170 million Euros to Ethiopia’s reform
  • 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

Finance

Africa bank set to raise $700 million finance to Mali

The African Export-Import Bank (Afreximbank) is set to arrange $700 million multi-sourced finance to support trade and related infrastructure projects in Mali, focusing mainly on transport logistics, tourism, agro-processing and the financial sector.

Posted on March 30, 2018 Author newbusinessethiopia Comments Off on Africa bank set to raise $700 million finance to Mali
Hospitality

Hilton set to open hotel in Rabat

Hilton set to welcome guests to the Moroccan capital city of Rabat from 2022 after a landmark deal was signed with Wessal Capital. 

Posted on March 28, 2018March 28, 2018 Author newbusinessethiopia Comments Off on Hilton set to open hotel in Rabat
Ethiopia ends monopoly over telecom, airline, electricity, shipping
Hospitality

Ethiopian Airlines increases flights to Madagascar, DRC

Ethiopian Airlines has launched three new flights to Kisangani and Mbuji Mayi in the Democratic Republic of the Congo (DRC) and Nosy-Be in Madagascar today, March 27, 2018.

Posted on March 28, 2018March 28, 2018 Author newbusinessethiopia Comments Off on Ethiopian Airlines increases flights to Madagascar, DRC
Politics

Ethiopia’s ruling party appoints new chairman

The ruling party coalition in Ethiopia, the Ethiopian Peoples’ Revolutionary Democratic Front, (EPRDF), has elected it’s new chairman who who will replace Hailemariam Desalegn who submitted letter of resignation several weeks ago.

Posted on March 28, 2018March 28, 2018 Author newbusinessethiopia Comments Off on Ethiopia’s ruling party appoints new chairman
Technology

Africa’s premier scientific forum opens in Kigali

Africa’s scientists and innovators descend on Kigali, Rwanda, for the Next Einstein Forum Global Gathering 2018.

Posted on March 26, 2018March 26, 2018 Author newbusinessethiopia Comments Off on Africa’s premier scientific forum opens in Kigali
Economy

Malawi joins Africa Finance Corporation

Malawi has become the second Southern African member country of Africa Finance Corporation (“AFC” or “the Corporation”), Africa’s leading infrastructure development finance institution.

Posted on March 23, 2018 Author newbusinessethiopia Comments Off on Malawi joins Africa Finance Corporation
Environment

Ethiopia calls on Africa to combat climate change

The second African Climate Talks opened in Addis Ababa Thursday with participants discussing issues of climate governance and Africa’s participation in global climate negotiations, weather and climate information services, among other topics.

Posted on March 23, 2018March 23, 2018 Author newbusinessethiopia Comments Off on Ethiopia calls on Africa to combat climate change

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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

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