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Friday, April 23, 2021
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  • Ethiopia to announce two telecom licensees next week
  • African Telecommunications Union, Ericsson to expand Africa’s ICT space
  • Ethiopia suggests AU Bureau of Assembly meeting
  • PM Abiy convenes regional presidents, electoral board leadership
  • AFRAA, ACI partner to support African air transport
New Business Ethiopia

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By BEHAK Multimedia – Business & Investment Stories Since 2009

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Banking

Ethiopia opens door for foreign mortgage banks
Finance 

Ethiopia opens door for foreign mortgage banks

February 26, 2021 gessesse Banking, Ethio Telecom, Ethiopia, foreign banks, Mobile money, mortgage banks, Prime Minister Abiy Ahmed

The Government of Ethiopia expressed its willingness to open its banking sector for foreign banks engaged in financing housing (mortgage

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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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Zemen Bank profit surpasses one billion Birr
Finance 

Zemen Bank profit surpasses one billion Birr

January 4, 2021January 4, 2021 newbusinessethiopianews annual profit, Banking, capital, Ethiopia, Ethiopian diaspora, gross profit, Islamic banking, net profit, Zemen Bank

Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks

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Wegagen Bank of Ethiopia profit up 46 percent
Finance 

Wegagen Bank of Ethiopia profit up 46 percent

January 4, 2021January 4, 2021 newbusinessethiopianews annual profit, Banking, Ethiopia, paid-up capital, Wegagen Bank

During the financial year concluded June 30, 2020, Wegagen Bank, one of the private banks in Ethiopia, has reported annual

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Nib Bank profit increases by 381 million Birr
Finance 

Nib Bank profit increases by 381 million Birr

December 24, 2020 newbusinessethiopianews Banking, Ethiopia, Nib International Bank, profit

Compared with the previous year’s performance, gross profit of Nib International Bank, one of the 16 private banks in Ethiopia,

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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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Bunna Bank of Ethiopia profit declines 6 percent
Finance 

Bunna Bank of Ethiopia profit declines 6 percent

December 21, 2020December 21, 2020 newbusinessethiopianews Banking, Bunna International Bank

Compared to the previous year, annual profit of Bunna International Bank of Ethiopia has declined by about 43 million Birr

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Ethiopia allows local banks to borrow from foreign banks
Finance 

Ethiopia allows local banks to borrow from foreign banks

August 18, 2020August 18, 2020 NBE Banking, Ethiopia, foreign banks, National Bank of Ethiopia

The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local

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New bank set to enter Ethiopia market
Finance 

New bank set to enter Ethiopia market

September 20, 2019September 20, 2019 Banking, Ethiopia, Goh Betoch Bank, mortgage banking

Goh Betoch Bank, a new financial institution that aims to reintroduce mortgage banking (loan for housing construction) in Ethiopia, offers

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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

Ethiopia to announce two telecom licensees next week
Technology 

Ethiopia to announce two telecom licensees next week

April 22, 2021 gessesse

The Ethiopian Communications Authority (ECA), the regulatory organ of telecommunications sector in Ethiopia, is set to announce winners of its

African Telecommunications Union, Ericsson to expand Africa’s ICT space
Technology 

African Telecommunications Union, Ericsson to expand Africa’s ICT space

April 22, 2021 gessesse
Ethiopia suggests AU Bureau of Assembly meeting
Politics 

Ethiopia suggests AU Bureau of Assembly meeting

April 22, 2021April 22, 2021 gessesse
PM Abiy convenes regional presidents, electoral board leadership
Politics 

PM Abiy convenes regional presidents, electoral board leadership

April 22, 2021 gessesse
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