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July 7, 2022
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profit

Nib Bank profit increases by 381 million Birr
Finance 

Nib Bank profit increases by 381 million Birr

December 24, 2020 Business News 189 ViewsBanking, Ethiopia, Nib International Bank, profit 1 min read

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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Debub Global Bank profit up 33 percent
Finance 

Debub Global Bank profit up 33 percent

December 19, 2020 Business News 336 Viewsasset, Debub Global Bank, deposit, Earnings per share, Ethiopia, loans, nonperforming loan, profit 2 min read

Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33

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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 333 Viewsbank branches, banks, Commercial Bank of Ethiopia, Ethiopia, loans, profit 2 min read

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 to sell 40 percent of Ethio Telecom
Technology 

Ethiopia to sell 40 percent of Ethio Telecom

May 22, 2020May 22, 2020 150 ViewsEthio Telecom, Ethiopia, privatization, profit 1 min read

By retaining 60 percent, the Government of Ethiopia is set to sell 40% of Ethio Telecom ending the state’s monopoly

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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 Business News 320 Viewsasset, Awash Bank, bank branches, bank deposits, capital, Earnings per share, Ethiopia, loans and advances, profit, reserve 2 min read

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 Business News 222 Viewsasset, bank branches, Cooperative Bank of Oromia, Customer deposits, deposit accounts, Ethiopia, foreign currency, loans and advances, private banks, profit 1 min read

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

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Finance 

Wegagen Bank of Ethiopia profit drops by $10 million

December 29, 2019January 11, 2020 Business News 135 Viewsasset, Earnings per share, equity, Ethiopia, financial statement, liability, profit, Wegagen Bank 1 min read

The annual gross profit (before tax) of Wegagen Bank of Ethiopia for the budget year ended June 30, 2019 has

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Berhan Bank of Ethiopia profit up 41 percent
Finance 

Berhan Bank of Ethiopia profit up 41 percent

December 19, 2019January 11, 2020 Business News 142 ViewsBerhan Bank, Berhan Bank asset, deposit, Earnings per share, foreign currencies, outstanding loan, paid-up capital, profit 1 min read

During budget year concluded June 30, 20219, Berhan Bank, one of the private banks in Ethiopia, has registered a gross

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Berhan Insurance of Ethiopia profit increases 24%
Finance 

Berhan Insurance of Ethiopia profit increases 24%

December 14, 2019December 14, 2019 Business News 236 ViewsBerhan Insurance, Ethiopia, insurance industry, life insurance, non-life insurance, profit 2 min read

Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million

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Debub Global Bank of Ethiopia profit doubles
Finance 

Debub Global Bank of Ethiopia profit doubles

December 14, 2019January 11, 2020 Business News 176 Viewsasset, Debub Global Bank, Ethiopia, loans and advances, National Bank of Ethiopia, profit, Return on equity 2 min read

Debub Global Bank of Ethiopia has made gross profit (before tax) of 284 million birr (close to $8 million at

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Abyssinia Bank makes one billion birr profit
Finance 

Abyssinia Bank makes one billion birr profit

December 9, 2019December 14, 2019 Business News 376 Viewsbank branches, Bank of Abyssinia, Ethiopia, loans, profit 1 min read

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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Bunna Bank of Ethiopia profit up 46 percent
Finance 

Bunna Bank of Ethiopia profit up 46 percent

December 8, 2019December 14, 2019 240 Viewsbank branches, bank deposits, Bunna International Bank, Ethiopia, profit 2 min read

Gross profit of Bunna International Bank of Ethiopia grew to 625 million birr (over $20 million at the current exchange

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Travel 

Ethiopian Airlines generates $4.2 billion revenue

October 1, 2019October 1, 2019 277 ViewsEthio Telecom, Ethiopian, Ethiopian Airlines, Ethiopian Shipping Lines, privatization, profit, revenue 1 min read

Ethiopia Airlines Group generates total revenue of 114.6 billion birr (about $4.2 billion) during the Ethiopia fiscal year concluded July

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Ecobank shareholders concludes meeting Lomé, Togo
Finance 

Ecobank shareholders conclude meeting in Lomé, Togo

April 26, 2018April 26, 2018 90 ViewsAfrica, Deloitte, Ecobank, financial services, Lomé, profit, Shareholders meeting, Togo 2 min read

Ecobank Transnational Incorporated, parent of Ecobank Group which provides financial services in 36 countries across Africa, concluded its 30th Annual General

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Nissan records growth in South Africa after best year 2000
Manufacturing 

Nissan records growth in South Africa after best year 2000

April 26, 2018April 26, 2018 89 Viewsgrowth, Japanese manufacturer, Market share, Nissan, profit, South Africa 3 min read

Nissan, the Japanese manufacturer hit 10% market share in South Africa in fiscal year 2017, with passenger vehicle sales growing

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Banking business in Ethiopia booming
Investment 

Banking business in Ethiopia booming 

January 8, 2010August 30, 2018 NBE 165 ViewsAbay Bank, Abyssinia Bank, Addis Cooperative Bak, Awash International Bank, Banking, Berhan Bank, Bunna International Bank, Dashen Bank, Debub Global Bank, Enat Bank, Ethiopia, financial crisis, Investment, profit, United Bank of Ethiopia 2 min read

Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing

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InvestmentView All

Africa Investment Forum to showcase $57 billion bankable projects
Investment 

Africa Investment Forum to showcase $57 billion bankable projects

February 26, 2022February 26, 2022 Business News 3 min read

The Africa Investment Forum is set to showcase $57.4 billion bankable projects during the meeting, scheduled to take place from

Boosting investment for infrastructure, energy in Africa
Investment 

Boosting investment for infrastructure, energy in Africa

April 8, 2021 BEHAK 2 min read
Ethiopia - Tunisia business forum opens in Addis Ababa
Investment 

Ethiopia – Tunisia business forum opens in Addis Ababa

October 9, 2018October 9, 2018 1 min read
Puratos enters Ethiopian market
Investment 

Puratos enters Ethiopian market

October 17, 2021 BEHAK 2 min read

FinanceView All

Khalifa Fund of UAE provides $100 million to Ethiopia
Finance 

Khalifa Fund of UAE provides $100 million to Ethiopia

July 15, 2019July 15, 2019 0 min read

The Khalifa Fund for Enterprise Development of the United Arab Emirates (UAE) today agreed to provide $100 million for the

UN agency urges Africa to combat money laundering
Finance 

UN agency urges Africa to combat money laundering

August 9, 2018August 10, 2018 1 min read
Ethiopia revising policy to open door for foreign banks
Finance 

Ethiopia revising policy to open door for foreign banks

February 22, 2022February 22, 2022 Business News 3 min read
African Development Fund grants $11 million for African Union Commission
Finance 

African Development Fund grants $11 million for African Union Commission

February 11, 2022 Business News 2 min read

TravelView All

Emirates launches additional flights to African countries
Travel 

Emirates launches additional flights to African countries

January 17, 2019January 17, 2019 1 min read

From Casablanca, Morocco; Abuja, Nigeria; to Accra, Ghana; Conakry, Guinea; and Dakar, Senegal,Emirates is set to deploy additional flights to

Africa Travel Week 2022 commences registration
Travel 

Africa Travel Week 2022 commences registration

February 7, 2022February 7, 2022 Business News 2 min read
Thailand offers eVisa to Ethiopian travelers
Travel 

Thailand offers eVisa to Ethiopian travelers

February 1, 2019February 1, 2019 3 min read
Africa’s transport sector benefits from free trade area
Travel 

Africa’s transport sector benefits from free trade area

February 10, 2022 Business News 4 min read

EnvironmentView All

Niger Basin Authority secures funding for climate change adaptation
Environment 

Niger Basin Authority secures funding for climate change adaptation

November 10, 2018November 10, 2018 1 min read

In order to improve the resilience of the people and ecosystems of the Niger River Basin, the Board of Directors

UN agency launches Africa green recovery report
Environment 

UN agency launches Africa green recovery report

March 2, 2021 BEHAK 4 min read
Environment 

Meeting calls for green transformation of African economy

May 18, 2017May 18, 2017 NBE 1 min read
Environment 

African Development Bank partners with World Wide Fund for Nature

December 1, 2017December 1, 2017 1 min read

TragedyView All

Ethiopia authorities committed crimes against humanity - rights groups
Tragedy 

Ethiopia authorities committed crimes against humanity – rights groups

April 6, 2022April 5, 2022 NBE 7 min read

Amhara regional security forces and civilian authorities in Ethiopia’s Western Tigray Zone have committed widespread abuses against Tigrayans since November

Ethiopia restores telecom, electricity services in Tigray
Tragedy 

Ethiopia restores telecom, electricity services in Tigray

December 14, 2020December 14, 2020 Business News 1 min read
Five people die in Addis Ababa fire accident
Tragedy 

Five people die in Addis Ababa fire accident

May 16, 2020May 16, 2020 0 min read
U.S. expresses deep concern about Burkina Faso coup
Tragedy 

U.S. expresses deep concern about Burkina Faso coup

January 25, 2022January 25, 2022 NBE 1 min read

CrimeView All

Ethiopia prison administration fires 103 individuals
Crime 

Ethiopia prison administration fires 103 individuals

January 13, 2019January 13, 2019 1 min read

The Federal Prison Administration, which used to be blamed for violating human rights of prisoners in Ethiopia, says it has

Ethiopia seizes medical supplies from Chinese smuggler
Crime 

Ethiopia seizes medical supplies from Chinese smuggler

June 21, 2020June 22, 2020 1 min read
Commission registers 225,000 Ethiopian civil servants assets
Crime 

Commission registers 225,000 Ethiopian civil servants assets

February 15, 2021 BEHAK 1 min read
Report reveals donkeys skin online trade by organized criminals
Crime 

Report reveals donkeys skin online trade by organized criminals

May 9, 2022May 9, 2022 NBE 5 min read

PerspectivesView All

Tips for utilizing full potential of businesses in Ethiopia
NBE Blog 

Tips for utilizing full potential of businesses in Ethiopia

April 15, 2022April 15, 2022 NBE 6 min read

By Andualem Sisay Gessesse – This morning I got the chance to chat with an Ethiopian educated in Europe and

How coronavirus saves Ethiopians from bloodshed
NBE Blog 

How coronavirus saves Ethiopians from bloodshed

April 24, 2020April 25, 2020 5 min read
Improved baggage tracking to ensure passenger satisfaction
NBE Blog 

Improved baggage tracking to ensure passenger satisfaction

September 12, 2019September 16, 2019 4 min read
Africa poised for rapid private business formation, growth
NBE Blog 

Africa poised for rapid private business formation, growth

April 14, 2022 NBE 5 min read

Boortmalt to benefit 50,000 farmers in Ethiopia

https://youtu.be/wKnkayLxZLQ

EutelSat eyes introducing satellite Internet to Ethiopia

https://youtu.be/jAIBy5dgU4o

Ethiopian farmers adopt French chicken breeds

https://youtu.be/0gwN9UyeQlY

Besh Gebeya eyes creating 100,000 jobs

https://youtu.be/tBhKC1KffYA
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