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Wednesday, April 14, 2021
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  • Huawei to help Ethiopia cultivate ICT talent
  • U.S. provides $152 million humanitarian assistance to Ethiopia
  • Ethiopian Airlines marks 75th anniversary
  • New Commercial Code of Ethiopia’s implications
  • Boosting investment for infrastructure, energy in Africa
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By BEHAK Multimedia – Business & Investment Stories Since 2009

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bank branches

Ethiopia’s private banks profit exceeds state giant CBE
Finance 

Ethiopia’s private banks profit exceeds state giant CBE

September 15, 2020September 15, 2020 NBE bank branches, banks, Commercial Bank of Ethiopia, Ethiopia, loans, profit

The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state

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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 - 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 - 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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Ethiopia - Oromia International Bank earnings per share drops 29%
Finance 

Ethiopia – Oromia International Bank earnings per share drops 29%

January 3, 2020January 11, 2020 newbusinessethiopianews asset, bank branches, bank deposits, borrowers, dividend per share, Earnings per share, employees, Ethiopia, expense, gross profit, income tax, net profit, paid-up capital, revenue

Compared to the proceeding budget year, Earnings per share of Oromia International Bank (OIB), one of the private banks in

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Awash Bank of Ethiopia grows profit by $43.4 million
Finance 

Awash Bank of Ethiopia grows profit by $43.4 million

January 2, 2020January 11, 2020 newbusinessethiopianews asset, Awash Bank, bank branches, bank deposits, capital, Earnings per share, Ethiopia, loans and advances, profit, reserve

Compared to the previous budget year annual gross profit of Awash Bank for the year ended June 30, 2019, has

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Ethiopia _ Cooperative Bank of Oromia profit up by $21 million
Finance 

Ethiopia _ Cooperative Bank of Oromia profit up by $21 million

January 1, 2020January 1, 2020 newbusinessethiopianews asset, bank branches, Cooperative Bank of Oromia, Customer deposits, deposit accounts, Ethiopia, foreign currency, loans and advances, private banks, profit

Compared to the previous year the net profit of Cooperative Bank of Oromia (CBO), one of the private banks in

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Abyssinia Bank makes one billion birr profit
Finance 

Abyssinia Bank makes one billion birr profit

December 9, 2019December 14, 2019 newbusinessethiopianews bank branches, Bank of Abyssinia, Ethiopia, loans, profit

Bank of Abyssinia, one the private banks in Ethiopia, makes the biggest gross profit in the Bank’s history, 1.02 billion

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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

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

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

Energy

Angola secures $530 million for energy project
Energy 

Angola secures $530 million for energy project

March 18, 2021March 18, 2021 gessesse

The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission

Experts to reflect on sustainable industrialization in Africa
Energy 

Experts to reflect on sustainable industrialization in Africa

March 9, 2021March 9, 2021 gessesse
Africans discuss energy regulatory environment to attract investment
Energy 

Africans discuss energy regulatory environment to attract investment

March 4, 2021 gessesse
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

Mining

Huawei to help Ethiopia cultivate ICT talent
Education 

Huawei to help Ethiopia cultivate ICT talent

April 12, 2021 gessesse

Jobs Creation Commission of Ethiopia and Huawei, China’s provider of telecom infrastructure and signed a memorandum of understanding to cultivate

U.S. provides $152 million humanitarian assistance to Ethiopia
Humanitarian 

U.S. provides $152 million humanitarian assistance to Ethiopia

April 12, 2021 gessesse
Ethiopian Airlines marks 75th anniversary
Travel 

Ethiopian Airlines marks 75th anniversary

April 8, 2021 gessesse
New Commercial Code of Ethiopia’s implications
Trade 

New Commercial Code of Ethiopia’s implications

April 8, 2021April 8, 2021 gessesse
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