CSR – New Business Ethiopia

Ethio Telecom harvests $670 million profit in six months

January 16, 2020January 16, 2020newbusinessethiopianews

Ethio Telecom, the fully state owned telecom monopoly in Ethiopia, has ‘harvested’ 22 billion birr (about $670 million at the current exchange rate) gross profit during the first six months from July 1 to December 31, 2019.

Ethiopia – Abay Bank profit grows 63 percent

January 8, 2020January 11, 2020newbusinessethiopianews

During the budget year concluded June 30, 2029, the annual profit before tax of Abay Bank Share Company, one of the private financial institutions in Ethiopia, has grown 63 percent compared to the previous year.

New bottled water brand enters Ethiopia market

December 17, 2019December 17, 2019newbusinessethiopianews

Goldwater, a subsidiary of Gold Group and the latest entrant in the bottled water sector announced the launch of their Goldwater brand in Addis Ababa, Ethiopia.