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  • Africa’s economic downturn affects SDGs progress
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  • Ethiopians celebrate African victory over European colonialists
  • UN agency launches Africa green recovery report
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New Business Ethiopia

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By BEHAK Multimedia – Business & Investment Stories Since 2009

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Addis International Bank

Addis Bank profit increases to 274 million Birr
Finance 

Addis Bank profit increases to 274 million Birr

January 26, 2021January 26, 2021 newbusinessethiopianews Addis International Bank, annual profit, assets, Banking, equity, Ethiopia, liabilities

Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2 million Birr

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Ethiopia - Addis International Bank profit grows 39 percent
Finance 

Ethiopia – Addis International Bank profit grows 39 percent

January 11, 2020January 11, 2020 newbusinessethiopianews Addis International Bank, asset, bank branches, capital, Earnings per share, employees, Ethiopia, expense, gross profit, net profit, profit before tax, revenue

Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2

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Ethiopia banks capital hikes by 8%
Finance 

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019 Abay Bank, Addis International Bank, Anbessa International Bank, Awash International Bank, Bank of Abyssinia, banks, Berhan Bank, Bunna International Bank, Cooperative Bank of Oromia, Dashen Bank, Debub Global Bank, Enat Bank, Ethiopia, Hibret Bank, National Bank of Ethiopia, Nib International Bank, Oromia International Bank, Wegagen Bank, Zemen Bank

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at

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Oil & Gas

Ethiopia launches study to process natural gas
Oil & Gas 

Ethiopia launches study to process natural gas

April 28, 2020April 28, 2020

The Government of Ethiopia has awarded a yearlong study to a United States company to realize conversion of its natural

Ethiopia reveals more info on petroleum test production
Oil & Gas 

Ethiopia reveals more info on petroleum test production

February 11, 2020February 12, 2020 NBE
Ethiopia begins selling its gas produce in local market
Oil & Gas 

Ethiopia begins selling its gas produce in local market

February 4, 2020February 6, 2020 NBE
South Sudan invites international companies for oil field audit
Oil & Gas 

South Sudan invites international companies for oil field audit

January 10, 2020January 10, 2020 newbusinessethiopianews

Construction

New factory to solve cement shortage in Ethiopia
Construction 

New factory to solve cement shortage in Ethiopia

February 26, 2021February 26, 2021 gessesse

A new cement factory under construction with 7,000 metric tons of production capacity per day is set to solve the

Price Watch points to construction sector key driver of growth
Construction 

Price Watch points to construction sector key driver of growth

February 25, 2021 gessesse
$456 million asphalt roads to connect Ethiopia with neighbors
Construction 

$456 million asphalt roads to connect Ethiopia with neighbors

February 3, 2021February 3, 2021 newbusinessethiopianews
Butajira City infrastructure investment paying off
Construction 

Butajira City infrastructure investment paying off

February 2, 2021February 3, 2021 newbusinessethiopianews

Culture & Tourism

Ethiopia to celebrate its victory that ‘turned the world upside down’
Culture & Tourism 

Ethiopia to celebrate its victory that ‘turned the world upside down’

February 8, 2021February 8, 2021 NBE

Ethiopia today launches a month long celebration of the 125th anniversary of Battle of Adwa, the first victory of Africans

Ethiopia introduces zero profit tax incentive to boost tourism
Culture & Tourism 

Ethiopia introduces zero profit tax incentive to boost tourism

December 30, 2020December 30, 2020 newbusinessethiopianews
Ethiopia inaugurates new tourist attraction in Addis Ababa
Culture & Tourism 

Ethiopia inaugurates new tourist attraction in Addis Ababa

October 10, 2020October 12, 2020 NBE
Exotic Ethiopian Adventures eyes venturing with foreign companies
Culture & Tourism 

Exotic Ethiopian Adventures eyes venturing with foreign companies

August 24, 2020August 24, 2020 NBE

Payoneer – Payment Solution

Payoneer – Digital Payment Solution

Energy

Conducive energy regulatory environment to attract investment in Africa
Energy 

Conducive energy regulatory environment to attract investment in Africa

February 25, 2021February 25, 2021 gessesse

The energy sector experts from the government of Seychelles, the UN Economic Commission for Africa and the RES4Africa Foundation held

African Ministers’ Council on Water assembly opens today
Energy 

African Ministers’ Council on Water assembly opens today

February 18, 2021February 18, 2021 gessesse
Siemens Gamesa set to produce 100 MW wind energy in Ethiopia
Energy 

Siemens Gamesa set to produce 100 MW wind energy in Ethiopia

January 5, 2021 newbusinessethiopianews
Ethiopian parliament approves nuclear deal with Russia
Energy 

Ethiopian parliament approves nuclear deal with Russia

December 3, 2020December 3, 2020 newbusinessethiopianews

Mining

Africa’s economic downturn affects SDGs progress
Economy 

Africa’s economic downturn affects SDGs progress

March 3, 2021March 3, 2021 gessesse

Before the onset of the deadly novel coronavirus (COVID-19), Africa was recording positive growth rates but not enough to achieve

Half a billion Africans falling below extreme poverty line in 2021
Economy 

Half a billion Africans falling below extreme poverty line in 2021

March 3, 2021March 3, 2021 gessesse
Ethiopians celebrate African victory over European colonialists
Investment 

Ethiopians celebrate African victory over European colonialists

March 2, 2021March 2, 2021 gessesse
UN agency launches Africa green recovery report
Environment 

UN agency launches Africa green recovery report

March 2, 2021 gessesse
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