Somalia border – New Business Ethiopia

Crime

Ethiopian police captures $182,000 cash at Somalia border

UPDATED _ The Ethiopian customs office at Togochale border to Somalia has captured $182,247 (United States dollar notes) from individuals who were trying to take the cash out of the country illegally.

Politics

Ethiopians colorfully welcome Nobel Peace Laureate

December 12, 2019December 12, 2019 newbusinessethiopianews Comments Off

Ethiopians welcomed colorfully this morning the 2019 Nobel Peace prize laureate, Prime Minister Abiy Ahmed, who traveled to Oslo this week to receive his award.

Europe provides 170 million Euros to Ethiopia’s reform

December 8, 2019December 8, 2019 newbusinessethiopianews Comments Off

Historic AU building in Ethiopia gets additional plot

December 7, 2019December 9, 2019 newbusinessethiopia Comments Off

Economy

IMF to provide seven-fold finance to Ethiopia

December 11, 2019December 14, 2019 newbusinessethiopianews Comments Off

Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.

Over 83% of Ethiopians suffer from multidimensional poverty

December 10, 2019December 14, 2019 newbusinessethiopianews Comments Off

French agency boss launches a book in Ethiopia

December 6, 2019December 6, 2019 newbusinessethiopia Comments Off

Finance

Berhan Insurance of Ethiopia profit increases 24%

December 14, 2019December 14, 2019 newbusinessethiopianews Comments Off

Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million birr ($818,882 at the current exchange rate) during the budget year concluded June 30, 2019 compared to the previous year profit.