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Ethiopia tax income up 17 percent

Ethiopia tax income up 17 percent

February 1, 2021

The Government of Ethiopia has collected a total of 149.2 billion Birr the first six months of current budget year started July 8, 2020.

Two private companies to improve internet access in Ethiopia

Two private companies to improve internet access in Ethiopia

January 28, 2021

With the aim of improving internet access in Ethiopia, WebSprix, Ethiopia’s only private Internet service provider announced investing in wingu.africa group limited, the pan East African data center, which recently entered the…

Addis Bank profit increases to 274 million Birr

Addis Bank profit increases to 274 million Birr

January 26, 2021

Addis International Bank, one of the sixteen private banks operating in Ethiopia, has announced a total of 274.2 million Birr profit before tax for the budget year concluded June 30, 2020.

German company enters Ethiopia's real estate market

German company enters Ethiopia’s real estate market

January 22, 2021

ROCKSTONE Ethiopia, a German based company, has invested one billion Birr to building KEFITA, a G+20 exclusive apartment building with hotel-like amenities off Embassy Row in the Signal district of Addis Ababa.

Wingu.africa to build hyperscale data center in Ethiopia

Wingu.africa to build hyperscale data center in Ethiopia

January 15, 2021

wingu. africa, the pan East African data center operator based in Djibouti, broke ground on Monday 11th January 2021 to establish Ethiopia’s first-ever Carrier-Neutral Hyperscale Data Center Park, located in the ICT…

Ethiopian Army kills three top TPLF leaders

Ethiopian Army kills three top TPLF leaders

January 13, 2021

During its military operation near Tekeze River in Tigray Region of Ethiopia, the army has killed three top leaders of Tigray Peoples Liberation Front (TPLF) who were hiding in a cave.

Boortmalt to benefit 50,000 barley farmers in Ethiopia

Boortmalt to benefit 50,000 barley farmers in Ethiopia

January 12, 2021

By Andualem Sisay Gessesse – Boortmalt, the French international malt factory operating in five continents with 27 plants, says it has plans to double its current barley malt out growers from 20,000…