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Enat Banks earns 78.9 million birr net profit for 2016 year

Enat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc A 50pc increase in net profits to 78.9 million Br, has slightly helped Enat to boost its earnings per share (EPS) which are currently at the 167.6 Br...

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Awash Bank earns 1 Billion birr gross profit (744 million after tax) for 2016 ye…

In its 22 years of operations, Awash International Bank Share Company has become the first private bank in Ethiopia to surpass the one billion birr mark to register a little over one billion birr gross profit in the just ended fiscal year also becoming the most profitable private bank in Ethiopia. ...

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Abyssinia Bank Profits 375 million Br after tax for 2016 year

The Bank of Abyssinia has reported a 30pc rise in its net profits to 375 million Br, slightly lower than industry competitor Wegagen Bank. The bank has faced a profit growth slowdown in recent years, making this year’s growth rate a record-high since 2010. Last year, Wegagen’s profit wa...

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Berhan Bank Profits 260.2 million Br after tax on 2016

Berhan Bank scored a profit of 260.2 million Br after tax in 2016. For the seven-year-old bank, this is an increase of 146pc from last years performance and is the largest rate of increment compared to all banks who have declared their profits this year. This has helped increase earnings per share ...

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Access Real Estate, Laura Industries at Loggerheads Again

The troubled Access Real Estate (ARE), for the first time in years has got good news from the Supreme Court. The Court has overridden the High court’s decision that had granted Laura Trade and Industries the 65pc of the completed three four storey buildings at the Nyala Motors site. It was a ...

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ETHIOPIA UNDER STATE OF EMERGENCY LAW

For the latest update on the Ethiopian State of Emergency Law, Please refer to Ethiopian Government Portal. Prime Minister Hailemariam Desalegn has informed the nation this afternoon, October 9, 2016, a decree by his cabinet to impose a state of emergency effective yesterday and remains i...

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Various businesses attacked by protesters in Oromia

Simbo Beach Resort Langano, formerly Bekele Molla Langano, is the latest property to face the wrath of angry protesters, mainly composed of youth, who wreaked havoc in Oromia Regional State last week, attacking, looting and setting fire to public and private properties. Simbo joined no less than 13...

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Meter Taxis to Start Operation in Addis

Addis Abeba welcomed 836 meter taxis today at an inauguration ceremony held at Mesqel Square. 26 share companies, organized from taxi owners associations, had the permit to import 1,163 cars duty free and will start the service next week with the 836 cabs. The taxis are equipped with a cab meter, ...

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Prev Next

Enat Banks earns 78.9 million birr net profit for 2016 year

Enat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc A 50pc increase in net profits to 78.9 million Br, has slightly helped Enat to boost its earnings per share (EPS) which are currently at the 167.6 Br...

Read more

Awash Bank earns 1 Billion birr gross profit (744 million af…

In its 22 years of operations, Awash International Bank Share Company has become the first private bank in Ethiopia to surpass the one billion birr mark to register a little over one billion birr gross profit in the just ended fiscal year also becoming the most profitable private bank in Ethiopia. ...

Read more

Abyssinia Bank Profits 375 million Br after tax for 2016 yea…

The Bank of Abyssinia has reported a 30pc rise in its net profits to 375 million Br, slightly lower than industry competitor Wegagen Bank. The bank has faced a profit growth slowdown in recent years, making this year’s growth rate a record-high since 2010. Last year, Wegagen’s profit wa...

Read more

Berhan Bank Profits 260.2 million Br after tax on 2016

Berhan Bank scored a profit of 260.2 million Br after tax in 2016. For the seven-year-old bank, this is an increase of 146pc from last years performance and is the largest rate of increment compared to all banks who have declared their profits this year. This has helped increase earnings per share ...

Read more

Access Real Estate, Laura Industries at Loggerheads Again

The troubled Access Real Estate (ARE), for the first time in years has got good news from the Supreme Court. The Court has overridden the High court’s decision that had granted Laura Trade and Industries the 65pc of the completed three four storey buildings at the Nyala Motors site. It was a ...

Read more

ETHIOPIA UNDER STATE OF EMERGENCY LAW

For the latest update on the Ethiopian State of Emergency Law, Please refer to Ethiopian Government Portal. Prime Minister Hailemariam Desalegn has informed the nation this afternoon, October 9, 2016, a decree by his cabinet to impose a state of emergency effective yesterday and remains i...

Read more

Various businesses attacked by protesters in Oromia

Simbo Beach Resort Langano, formerly Bekele Molla Langano, is the latest property to face the wrath of angry protesters, mainly composed of youth, who wreaked havoc in Oromia Regional State last week, attacking, looting and setting fire to public and private properties. Simbo joined no less than 13...

Read more

Meter Taxis to Start Operation in Addis

Addis Abeba welcomed 836 meter taxis today at an inauguration ceremony held at Mesqel Square. 26 share companies, organized from taxi owners associations, had the permit to import 1,163 cars duty free and will start the service next week with the 836 cabs. The taxis are equipped with a cab meter, ...

Read more

EUROSTAR Dish Battles to Keep Its Trade Mark

Addis Abeba City Police has confiscated close to 8,690 pirated satellite dish. Police suspects the items to be imported to confuse customers with the original brand of EUROSTAR. In this process two warehouses in Merkato were raided by members of Addis Ketema district police department. The raid has...

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Ethiopian Shipping Lines Enterprise involved in Fraud Case

The Ethiopian Shipping Lines & Logistics Service Enterprise (ESLSE) is said to have lost millions through a premeditated and crafted act of forgery. The Federal Anti-Corruption Commission, now under the Attorney General, brought cases against eleven individuals it holds accountable and said to ...

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