The National Lottery Administration is set to amend the directive that governs the betting market in Ethiopia. This comes one year after the administration temporarily stopped issuing new licenses to betting companies. There are currently 42 active betting companies in… Read More
Ethiopian laborers in the coffee sector earn 10 times lower than their counterparts in major coffee producing countries, a new study conducted by the International Labor Organization revealed. While they earn 10 times lower than farmers in Costa Rica, Ethiopian… Read More
A ceremony for The Gena Lottery (ገና ሎተሪ) which carries a maximum prize money of 5,000,000 (5 million) birr for the 1st price, 2.5 million for second and 1.25 million for third prize was held January 05, 2021 (Tahisas 27,… Read More
The federal government spends USD48 million every month to import edible oil, underscoring the pressing need for import substitution, Ministry of Trade & Industry said. While import of edible oil is almost USD576 million annually, it accounts for almost five… Read More
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced. The country’s tax revenues, which stood at 312 billion birr in the last fiscal year,… Read More
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced. The country’s tax revenues, which stood at 312 billion birr in the last fiscal year, had showed a six-fold… Read More
As per the annual reports of insurance companies in Ethiopia, here is a list of the top profitable insurance companies in Ethiopia. Read More
Ahadu Bank, one of the 20+ banks under formation in Ethiopia has managed to perform it's first formation assembly in Ghion Hotel on January 2, 2021. The bank managed to sell 760 million birr worth of shares and managed to collect… Read More
Abay Bank profit before tax reached 640 million birr, decreasing by 43 million birr compared to the previous year. Profit after tax reached 501.2 comparatively staying the same compared to the previous year's net profit of 501.5 million. Earning per… Read More
A new bank, Damota Bank s.c under formation has started sharing sales. The bank has floated shares each worth 1,000 birr where anyone can purchase a 50 shares minimum worth 50,000 birr unto 100,000 shares worth 100,000,000. Read More