• Business News

Africa Insurance Records 2.8 million birr loss for the 2019 / 2018 f.y

5 years ago

Ranked among the top three insurance companies two years back, Africa Insurance Company registered only the second loss in its quarter century existence. The company registered a loss of 2.8 million Br, a drastic fall from the 59.1 million Br… Read More

  • Business News

Ethio Telecom Generates 22 billion birr in the first half of the 2020 / 2019 fiscal year

5 years ago

For the current Ethiopian Fiscal Year, Ethio Telecom has made a bold and ambitious plan that seeks to surge its revenue by 25 percent from last year’s 36.3-billion-birr revenue, beefing it up to 45 billion birr, this year. Read More

  • Business News

Marathon Motors launches three new locally assembled Hyundai models

5 years ago

Marathon Motors Engineering launched three newly locally assembled vehicles at its plant. The All New Palisade SUV is estimate cost of 6.5 million birr. There’s seating for up to eight passengers with a surprisingly upscale interior. Read More

  • Business News

New car / vehicle excise tax rate for new cars to be reduced from 30% to 5%

5 years ago

According to the new changes to be introduced to the amendment, an excise tax levy which was proposed on imported new vehicles (cars with production dates not exceeding two years) and with engine capacity of 1300 horsepower and less was… Read More

  • Blog

Tribe, a new transport hailing app to be launched in Ethiopia

5 years ago

A new rideshare app is in town, offering services from transportation and food delivery around Addis Ababa to moving services and everything in between. Tribe, an “all in one transportation solution” is set to launch in two weeks’ time. Read More

  • Business News

Hidassie Telecom to re-start the bidding process for it’s Headquarter building construction

5 years ago

Hidase Telecom, a local telecom products and services distributor, started the construction of a mixed-use headquarters and business complex for an estimated half a billion Birr investment. The headquarters, which will be built in the Hayahulet area will have 19… Read More

  • Business News

PepsiCo joins Veris Investments as a major Shareholder of Senselet Food Processing Plc (SUN Chips)

5 years ago

PepsiCo has joined Veris Investments, a growing and influential investment company, as a major shareholder in Crisps Company, Senselet Food Processing Plc. (Senselet), in Ethiopia. Read More

  • Blog

Used Vehicle Prices Rise as New Excise Tax Rates are close to being approved by the government

5 years ago

Used Vehicle Prices Rise as New Excise Tax Rates are close to being approved by the government Read More

  • Blog

Selam Bank, a new mortgage bank to be launched soon

5 years ago

Selam Bank is set to be launched in Ethiopia as the nation welcomes the diaspora community and inches closer to allowing international players to play a role in the local banking sector. Read More

  • Blog

IFC invests 50ml Eur in Habesha Breweries for local sourcing

6 years ago

The International Finance Corporation (IFC) announced an investment of up to € 50 million in Habesha Breweries S.C. in a press release earlier this week. The sizeable loan from IFC – a member of the World Bank Group – is… Read More