foreign currencies – New Business Ethiopia

Ethiopia seizes $1.2 million dollars contraband goods

April 29, 2020April 29, 2020

The Customs Commission of Ethiopia seized worth 40 million birr (about $1.2 million) contraband goods including firearms in six days period before April 27, 2020.

Ethiopia – Zemen Bank profit soars 87 percent

January 8, 2020January 11, 2020newbusinessethiopianews

As compared to the previous year, the annual profit before tax of Zemen bank, one of the financial institutions in Ethiopia, has soured by 87 percent to 635 million birr (about $20 million at the current exchange rate) during the budget year ended June 30, 2019.

Berhan Bank of Ethiopia profit up 41 percent

December 19, 2019January 11, 2020newbusinessethiopianews

During budget year concluded June 30, 20219, Berhan Bank, one of the private banks in Ethiopia, has registered a gross profit of 580.1 million birr (about $18.4 million at the current exchange rate).