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Wednesday, March 3, 2021
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  • Ethiopians celebrate African victory over European colonialists
  • UN agency launches Africa green recovery report
  • Ethiopia tells U.S. to stop dictating its internal affairs
  • Amhara Bank joins Ethiopia’s banking industry
  • Ethiopia to convert cloud into rain using iodine
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asset

Dashen Bank profits about 1.8 billion Birr
Finance 

Dashen Bank profits about 1.8 billion Birr

December 24, 2020 newbusinessethiopianews asset, Banking, Dashen Bank, Ethiopia, net profit

Dashen Bank Share Company, one of the 16 private banks operating in Ethiopia, has reported annual gross profit of 1.79

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Debub Global Bank profit up 33 percent
Finance 

Debub Global Bank profit up 33 percent

December 19, 2020 newbusinessethiopianews asset, Debub Global Bank, deposit, Earnings per share, Ethiopia, loans, nonperforming loan, profit

Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33

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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- Dashen Bank makes $40 million profit
Finance 

Ethiopia- Dashen Bank makes $40 million profit

January 9, 2020January 11, 2020 newbusinessethiopianews asset, ATMs, automatic teller machines, Dashen Bank, deposit, employees, Ethiopia, expense, gross profit, loans and advances, point of sale terminals, revenue

Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks

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Ethiopia - Zemen Bank profit soars 87 percent
Finance 

Ethiopia – Zemen Bank profit soars 87 percent

January 8, 2020January 11, 2020 newbusinessethiopianews asset, bank branches, corporate clients, Earnings per share, foreign currencies, net profit, profit before tax, Zemen Bank

As compared to the previous year, the annual profit before tax of Zemen bank, one of the financial institutions in

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Ethiopia - Abay Bank profit grows 63 percent
Finance 

Ethiopia – Abay Bank profit grows 63 percent

January 8, 2020January 11, 2020 newbusinessethiopianews Abay Bank, asset, bank branches, corporate social responsibilities, CSR, Ethiopia, gross profit, loans and advances, paid-up capital, profit before tax

During the budget year concluded June 30, 2029, the annual profit before tax of Abay Bank Share Company, one of

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Ethiopia - Enat Bank income increases by $7.3 million
Finance 

Ethiopia – Enat Bank income increases by $7.3 million

January 6, 2020January 11, 2020 newbusinessethiopianews asset, businesswomen, Enat Bank, Internet banking, loans and advances, mobile banking, paid-up capital, profit before tax, small businesses, wallet

Compared to the previous financial year, the annual income of Enat Bank, one of the private banks in Ethiopia, has

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Ethiopia - Oromia Insurance Company profit up 14 percent
Finance 

Ethiopia – Oromia Insurance Company profit up 14 percent

January 5, 2020January 5, 2020 newbusinessethiopianews asset, Ethiopia, global insurance premium, gross profit, insurance industry, life insurance, non-life insurance, OIC, Oromia Insurance, profit before tax

During the budget year concluded June 30, 2019, Oromia Insurance Company (OIC) has registered a gross profit (before tax) of

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Ethiopia - Lion Bank profit surges 45 percent
Finance 

Ethiopia – Lion Bank profit surges 45 percent

January 4, 2020January 4, 2020 newbusinessethiopianews asset, bank branches, employees, Ethiopia, expense, Lion International Bank, profit before tax, Return on equity, revenue

Compared to the preceding budget year performance, annual gross profit (before tax) of Lion International Bank (LIB), one of the

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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

Ethiopians celebrate African victory over European colonialists
Investment 

Ethiopians celebrate African victory over European colonialists

March 2, 2021March 2, 2021 gessesse

Ethiopians today celebrated the 125th anniversary of the Battle of Adwa, the first African victory over European colonialists in in

UN agency launches Africa green recovery report
Environment 

UN agency launches Africa green recovery report

March 2, 2021 gessesse
Ethiopia tells U.S. to stop dictating its internal affairs
Politics 

Ethiopia tells U.S. to stop dictating its internal affairs

March 1, 2021March 1, 2021 gessesse
Amhara Bank joins Ethiopia’s banking industry
Finance 

Amhara Bank joins Ethiopia’s banking industry

February 28, 2021 gessesse
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