• Business News

Eth-Switch S.C Nets 12.6 million Br Profit for 2019 / 2018 f.y

6 years ago

Eth-Switch S.C, a consortium formed by all banks to integrate the national electronic payment system has posted a net profit of 12.6 million Br for the year 2019. Read More

  • Business News

Nyala Insurance Grosses 184.3 million birr profit before tax for the 2019 / 2018 f.y

6 years ago

Nyala Insurance has earned a gross profit of 184.3 million birr, which is the largest profit recorded from all the private insurance companies in Ethiopia for the year 2019 / 2018.  Read More

  • Business News

Ethiopian Reinsurance Earns 133.8 million birr net profit for 2019 / 2018 f.y

6 years ago

The first Ethiopia reinsurance company, Ethiopian Reinsurance Earns 133.8 million birr net profit for 2019 / 2018 f.y Read More

  • Business News

Cooperative Bank of Oromia Grosses 767 million birr Profit

6 years ago

Cooperative Bank of Oromia has reported that it has earned a gross profit of 767 million birr. The net profit after tax has reached 657 million birr Read More

  • News

National Electoral Board of Ethiopia (NEBE) Sets Date for Election

6 years ago

In preparation for the election the brand new National Electoral Board of Ethiopia (NEBE) under the former self-exiled politician and judge, Birtukan Midekssa, looks to be grasping at straws to make the August 16 timetable. As part of that preparation,… Read More

  • Business News

Abay Industrial Development S.C sets up Abay Garment Factory in Gonder for 452 million birr

6 years ago

Abay Industrial Development S.C., the economic wing of Amhara Regional State, has set up its fourth manufacturing plant in Gonder town for 452 million Br. Abay Garment Factory, located 500Km north of the capital, rests on four hectares of land… Read More

  • Business News

Dashen Bank Grosses 1.3 billion birr profit for 2019 / 2018 financial year

6 years ago

Dashen Bank has reported that it has earned 1.3 billion birr gross profit for 2019 / 2018 budget year. The net profit of the bank now stands at 1.01 billion birr. The bank started it's operation more than 24 years… Read More

  • Business News

Lion International Bank Earns 695.5 million birr gross profit for 2019 / 2018 budget year

6 years ago

Lion International Bank has reported that it has earned 695.5 million birr gross profit for 2019 / 2018 budget year. As per the company's annual financial report, the net profit has now reached 539 million birr. Read More

  • Business News

Zemen Bank Earns 636 million birr gross profit for 2019 / 2018 financial year

6 years ago

Zemen Bank has reported a gross profit 636 million birr for the 2019 / 2018 financial year. The net profit of the bank now stands at 483.7 million birr. Read More