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July 1, 2022
New Business Ethiopia

New Business Ethiopia

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revenue

Global airline industry losses reduced to $9.7 billion
Travel 

Global airline industry losses reduced to $9.7 billion

June 20, 2022June 21, 2022 NBE airline industry, expenses, financial performance, IATA, revenue

Global airline industry losses are expected to reduce to $9.7 billion (improved from the October 2021 forecast for an $11.6

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Ethiopia electric generates about 9 billion Birr revenue
Energy 

Ethiopia electric generates about 9 billion Birr revenue

March 10, 2022 NBE EEP, EEU, electricity coverage, electricity export, Ethiopia, Ethiopia Electric Power, Ethiopia Electric Utility, revenue

Ethiopia Electric Utility (EEU), the state agency engaged in selling electric energy, has generated 8.96 billion Birr revenue during the

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Technology 

Ethio Telecom generates 28 billion Birr revenue

January 31, 2022January 31, 2022 NBE 4G LTE, Ethio Telecom, Ethiopia, Internet service, mobile money subscribers, revenue, roaming, six months, telebirr, voice service

Ethio telecom, the fully state-owned company in Ethiopia, has announced 28 billion Birr revenue during the first six months of

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State enterprises in Ethiopia generate $1.4 billion revenue
Economy 

State enterprises in Ethiopia generate $1.4 billion revenue

May 21, 2021May 21, 2021 BEHAK Ethiopia, Ethiopian Airlines, revenue, state enterprises

The state enterprises of Ethiopia have generated a total of about 59.8 billion Birr (close to $1,4 billion) revenue before

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Construction 

Granite Construction gross profit up 166.1% year-over-year

May 7, 2021 BEHAK annual profit, Granite Construction, gross profit, revenue

Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its gross profit

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Mesqan, Mareqo clash hampers Butajira’s growth
Politics 

Mesqan, Mareqo clash hampers Butajira’s growth

February 3, 2021February 3, 2021 Business News Butajira City, Ethiopia, growth, Mareqo Wereda, Mesqan Wereda, revenue, tax

The unresolved clash between Mesqan and Mareqo Weredas (districts) over territory has been negatively affecting the revenue collection and growth

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Ethiopia - Addis International Bank profit grows 39 percent
Finance 

Ethiopia – Addis International Bank profit grows 39 percent

January 11, 2020January 11, 2020 Business News Addis International Bank, asset, bank branches, capital, Earnings per share, employees, Ethiopia, expense, gross profit, net profit, profit before tax, revenue

Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2

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Ethiopia- Dashen Bank makes $40 million profit
Finance 

Ethiopia- Dashen Bank makes $40 million profit

January 9, 2020January 11, 2020 Business News asset, ATMs, automatic teller machines, Dashen Bank, deposit, employees, Ethiopia, expense, gross profit, loans and advances, point of sale terminals, revenue

Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks

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Ethiopia - Lion Bank profit surges 45 percent
Finance 

Ethiopia – Lion Bank profit surges 45 percent

January 4, 2020January 4, 2020 Business News asset, bank branches, employees, Ethiopia, expense, Lion International Bank, profit before tax, Return on equity, revenue

Compared to the preceding budget year performance, annual gross profit (before tax) of Lion International Bank (LIB), one of the

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Ethiopia - Oromia International Bank earnings per share drops 29%
Finance 

Ethiopia – Oromia International Bank earnings per share drops 29%

January 3, 2020January 11, 2020 Business News asset, bank branches, bank deposits, borrowers, dividend per share, Earnings per share, employees, Ethiopia, expense, gross profit, income tax, net profit, paid-up capital, revenue

Compared to the proceeding budget year, Earnings per share of Oromia International Bank (OIB), one of the private banks in

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Travel 

Ethiopian Airlines generates $4.2 billion revenue

October 1, 2019October 1, 2019 Ethio Telecom, Ethiopian, Ethiopian Airlines, Ethiopian Shipping Lines, privatization, profit, revenue

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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Technology 

Ethio Telcom makes $830 million profit

July 23, 2019July 23, 2019 Ethio Telecom, Ethiopia, revenue

The only telecommunications service provider in Ethiopia, Ethio Telecom says it has made a total profit of over 24 billion

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Investment

IGAD urges Ethiopia, Sudan to avoid war
Investment Tragedy 

IGAD urges Ethiopia, Sudan to stop war

June 29, 2022June 29, 2022 NBE

The Intergovernmental Authority on Development (IGAD) urges Ethiopia and Sudan to refrain from further actions that will lead the two

Kazana Group of Ethiopia chairman joins 100 Changemakers List
Investment 

Kazana Group of Ethiopia chairman joins 100 Changemakers List

May 13, 2022 NBE
Venture Capital education attracts hundreds of Africans
Investment 

Venture Capital education attracts hundreds of Africans

April 29, 2022 NBE
Africa’s communication industry set for exciting future
Investment 

Africa’s communication industry set for exciting future

April 6, 2022April 6, 2022 NBE

Finance

Kehali organizes Ethiopian banking forum
Finance 

Kehali organizes its first Ethiopian banking forum

May 23, 2022May 23, 2022 NBE

Kehali Strategic Advisory Services PLC, a recently established private companmy in Ethiopia, organized its first Ethiopian Banking forum in the

Ethiopia takes another step to establish security exchange
Finance 

Ethiopia takes another step to establish security exchange

May 19, 2022May 19, 2022 NBE
Ethiopia tax income up 17 percent
Finance 

Ethiopia tax income up 17 percent

April 26, 2022 NBE
Ethiopia outstanding treasury bills up 500 percent
Finance 

Ethiopia outstanding treasury bills up 500 percent

April 4, 2022 NBE

Travel

Mobile usage for airlines booking increases, new survey
Travel 

Mobile usage for airlines booking increases, new survey

June 30, 2022 NBE

A new survey reveals an increase in passenger use of mobile devices for booking, on board the airplane, and for

Ethiopia's app-based taxi service provider enters Djibouti
Travel 

Ethiopia’s app-based taxi service provider enters Djibouti

June 28, 2022June 28, 2022 NBE
Global airline industry losses reduced to $9.7 billion
Travel 

Global airline industry losses reduced to $9.7 billion

June 20, 2022June 21, 2022 NBE
Ethiopian Airlines wins Best Cabin Servics in Africa Award
Travel 

Ethiopian Airlines wins Best Cabin Servics in Africa Award

June 14, 2022June 14, 2022 NBE

Environment

Ethiopia launches 4th Green Legacy program
Environment 

Ethiopia launches 4th Green Legacy program

June 21, 2022June 21, 2022 NBE

The Government of Ethiopia today launched the 4th Green Legacy program, which targeted to plant 6 billion seedlings across the

Air transport passengers get most accurate CO2 emission calculator
Environment 

Air transport passengers get most accurate CO2 emission calculator

June 19, 2022June 19, 2022 NBE
UN calls for more climate finance to support small-scale farmers
Agribusiness Environment 

UN calls for more climate finance to support small-scale farmers

June 2, 2022June 2, 2022 NBE
Increase investment to build small-scale farmers' resilience to climate change, IFAD says
Environment 

Increase investment to build small-scale farmers’ resilience to climate change, IFAD says

May 9, 2022 NBE

Tragedy

IGAD urges Ethiopia, Sudan to avoid war
Investment Tragedy 

IGAD urges Ethiopia, Sudan to stop war

June 29, 2022June 29, 2022 NBE

The Intergovernmental Authority on Development (IGAD) urges Ethiopia and Sudan to refrain from further actions that will lead the two

University students protest against Ethiopians massacre in Oromia
Tragedy 

University students protest against Ethiopians massacre in Oromia

June 24, 2022June 24, 2022 NBE
Ethiopia accuses TPLF for blocking aid flights
Tragedy 

Ethiopia accuses TPLF for blocking aid flights

June 24, 2022 NBE
Tanzania bans donkey slaughter to stop risk of extinction
Tragedy 

Tanzania bans donkey slaughter to stop risk of extinction

June 17, 2022June 17, 2022 NBE

Crime

Ethiopian Customs seizes 156 million Birr smuggled goods
Crime 

Ethiopian Customs seizes 156 million Birr smuggled goods

June 19, 2022 NBE

Ethiopian Customs commission said within just one week period it has seized worth 156 million Birr contraband goods from smugglers

Africa advised to stamp out witchcraft accusations against children
Crime 

Africa advised to stamp out witchcraft accusations against children

June 1, 2022June 1, 2022 NBE
Donkey named most trafficked animal in the world
Crime 

Donkey named most trafficked animal in the world

May 18, 2022 NBE
Africa renews efforts to stamp out violence against children
Crime 

Africa renews efforts to stamp out violence against children

May 12, 2022May 12, 2022 NBE

Perspectives

Attitudes to Islamic wealth management in Africa
NBE Blog 

Attitudes to Islamic wealth management in Africa

July 1, 2022July 1, 2022 NBE

By Faizal Bhana – Africa’s private equity landscape is experiencing a fundamental shift. A budding generation of wealthy individuals are

An Africa-G7 energy food and security grand bargain
NBE Blog 

An Africa-G7 energy food and security grand bargain

June 25, 2022June 25, 2022 NBE
UN Secretary General’s message on World Environment Day
NBE Blog 

UN Secretary General’s message on World Environment Day

June 7, 2022June 7, 2022 NBE
Facebook A necessary evil in an open internet
NBE Blog 

Facebook: A necessary evil in an open internet

May 18, 2022May 18, 2022 NBE

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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