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Selam Posts Profits 33 million br

Selam Bus  share company has posted an impressive profit in midst of declining services around the country.

It reported a net profit of 33 million Br, compared to 29.7 million in 2015, exhibiting a hike of 11pc.

This is…

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Gibe III was officially inaugurated

Prime Minister Hailemariam Desalegn has officially launched Gibe III hydropower project of the Ethiopian Electric Power.

“Attaining development plans without electricity will be difficult for the country,” the Prime Minister told stakeholders at the launch.

It was built by Salini…

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Ambo Mineral Water fully privatized

Ambo Mineral Water fully privatized

The government has transferred 33pc of its remaining shares in Ambo Mineral Water to Ambo International Holding Ltd for 19.7 million dollars. The deal was made between the company and the Ministry of Public Enterprises (MoPE) on December 15 at…

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Heineken to Claim No1 Production Capacity

Heineken Ethiopia is set to inaugurate its one year expansion project executed at a total cost of 2.4 billion Br. The project will give the company the highest production capacity in Ethiopia’s brewery industry. When fully operational the capacity of…

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