• Business News

Tsehay Insurance earns 33.6 million birr net profit for the 2019 / 2018 f.y

6 years ago

Tsehay insurance has reported that it has earned 33.6 million birr net profit for the 2019 / 2018 fiscal year. The net profit has showed an increase of 13% compared to last year. Read More

  • Business News

Wegagen Bank Earns 735ml br gross profit for 2019 / 2018 f.y, 315ml br less from previous year

6 years ago

Wegagen Bank, one of the few banks who have operated in Ethiopia for more than 20 years has reported that it has earned 735 million birr gross profit for the 2019 / 2018. This profit is 315 million birr less… Read More

  • Blog

Best Private Insurance Companies in Ethiopia for 2019 / 2018 f.y

6 years ago

This is a list of the most profitable private insurance companies in Ethiopia as per their annual financial performance of 2019 / 2018 fiscal year. Read More

  • Business News

Debub Global Bank Earns 284 million birr gross profit for 2019 / 2018 f.y

6 years ago

Debub Global Bank of Ethiopia has reported a gross profit of 284 million birr which showed more than 90% increase compared to the previous year The earnings per share(eps) of the bank has increased 147% to 323 birr per ordinary… Read More

  • Business News

Berhan Insurance earns 25.5 million birr gross profit for 2019 / 2018 f.y

6 years ago

Berhan Insurance has reported that it has earned 25.5 million birr gross profit for the year concluded June 30, 2019. In the annual shareholder meeting held in Addi Ababa, the insurance company reported that assets have climbed to 410 million… Read More

  • Business News

Ethiopia set to launch First satellite, EtRSS1 on Dec 20, 2019

6 years ago

Ethiopia’s first satellite, EtRSS1 will be launched December 20 from China's space station. The satellite was manufactured in collaboration with the Chinese government and Ethiopian engineers in China. Read More

  • Business News

Nib International Banks earns 928 million birr gross profit for 2019 / 2018 f.y

6 years ago

Nib International Bank announced a gross profit of 928 million birr, which is 269 million birr higher compared to the previous year. The company's net profit reached 720.7 million bir. The total revenue of the bank reached to 2 billion birr,… Read More

  • Business News

Bunna Insurance Earns 26.8ml birr net profit for 2019 / 2018 f.y

6 years ago

Bunna Insurance S.C has earned 26.8ml Br profit for the 2019 / 2018, registering a small increase of 6pc compared to last year. Bunna’s paidup capital increased to 112.6 million Br. Read More

  • Business News

Abyssinia Bank Earns 1 billion birr gross profit for 2019 / 2018 f.y

6 years ago

Bank of Abyssinia (Abyssinia Bank) announced in the annual shareholder meeting that it has made a gross profit of 1.02 billion birr for the financial year concluded June 30, 2019. This figure showed an increase of 258 million birr compared… Read More

  • Business News

Enat Bank Earns 231.4ml br gross profit for 2019 / 2018 fiscal year

6 years ago

Enat bank has reported that it has earned 231.4 million birr gross profit and 202 million birr net profit. The bank's total deposit has reached 7.12 billion birr which has showed an increase of 43%. Read More