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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.
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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.
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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.
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The first Ethiopia reinsurance company, Ethiopian Reinsurance Earns 133.8 million birr net profit for 2019 / 2018 f.y
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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
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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 with three sheds each covering 4,618Sqm of land. The plant will make polo shirts, T-shirts, trousers, jeans and khaki trousers.
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 ago.
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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.
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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.
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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.
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