Welcome to AddisBiz.com
AddisBiz is a website which focuses on providing important and curated business information about the growing Ethiopian business scene for local and international audiences. Our website aims to provide a platform where users from all over the world can conveniently and easily find information about businesses in Ethiopia as well as new laws and developments which might affect businesses in Ethiopia. Our growing business directory has contact details for more than 19,000 companies in Ethiopia. Businesses in Ethiopia can submit their business details and promote their products and services on our website for a very small annual fee. For more details, please visit our contact us page.
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Business News
LatestBerhan Bank Grosses 583.4mln br for 2022/2021 Budget Year, Improves last year’s poor performance
Berhan Bank has improved last year's poor performance by earning 583.4 million birr profit before tax at the end of June 2022. The bank's net profit reached 478.5 million birr more than doubling last year's amount of 194.9 million birr. The Bank’s total capital reached Birr 4.5 billion while the paid up capital reached Birr 3.2 billion.
Business News
Latest
Awash Insurance Reports 333.9mln br Gross Profit for 2022/2021 budget year, Raises Capital to 4bln birr
Awash Insurance Earned 333.9 million birr gross profit for the 2022/2021 G.C (2014 E.C). The insurance company's shareholders raised the capital of the company from 1.2 billion birr to 4 billion birr in order to be more competitive on the market.
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Blog, News
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Regular Draw Lottery 1674 for Dec 8, 2022 (ህዳር 29 ፤ 2015) Winning Numbers Released
A ceremony for Regular Draw Lottery 1674 (መደበኛ እጣ ሎተሪ) which carries a prize money of 600,000 birr for the 1st prize, 300,000 birr for second prize and 125,000 birr for third price was held on December 8, 2022 (ህዳር / Hidar 29, 2015) - ብሔራዊ ሎተሪ አስተዳደር መደበኛ ዕጣ 1674 ህዳር 8 2015 አሸናፊ ቁጥሮች ማውጫ
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Awash Bank Grosses 7.45bln birr Profit for 2022/2021 Budget Year, Raises Capital to 55bln Birr
Awash Bank reported that it has earned 7.45 billion birr profit before tax for the 2022/2021 budget year up by 2.6 Billion compared to the previous year. In it’s annual shareholders’ meeting held at Hilton Hotel on Nov 26, 2022, the company’s shareholders decided to raise the bank’s capital to 55bln birr.
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Bunna Insurance Earns 45.8mln birr for 2022/2021 G.C (2014 E.C) budget year, Raises Capital to 1bln Birr
Bunna Insurance, one of the private insurance companies that started it’s operation 10 years ago reported that it has earned 45.8 million birr in profit before tax for the 2022/2021 G.C (2014 E.C) budget year, which is 24.36% higher than the previous year. In it’s annual general assembly meeting held recently, the company’s shareholders agreed to raise the insurance company’s capital from 200 million birr to 1 billion birr.
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Products and Services in Ethiopia
| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 53.2465 | 54.3114 |
 Euro(EUR) | 56.5691 | 57.7005 |
 Pound Sterling(GBP) | 61.8799 | 63.1175 |
 UAE Dirham(AED) | 13.1188 | 13.3812 |
 Saudi Riyal(SAR) | 12.8058 | 13.0619 |
Companies and Businesses in Ethiopia
