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Wegagen Bank profits 414mln birr

Wegagen Bank profits 414mln birr

During the 21st general assembly held at the Addis Ababa Hilton Hotel, Wegagen Bank announced that it earned 318 million birr in net profits after tax during the 2013/14 fiscal year. Last year it registered 340 million birr net profits.…

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Dashen Launches Transactional Internet Banking

Dashen Launches Transactional Internet Banking

Dashen Bank S.C started providing transaction internet banking beginning this month having received its license from the National Bank of Ethiopia (NBE).

The Central Bank licensed Dashen for the transactional internet banking on December 31, 2014, almost two weeks…

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General Electric (GE) to build wind farm

General Electric (GE) to build wind farm

A consortium that includes General Electric, a US based company, is going to undertake the wind farm project at Aysha, Somali regional state.
The consortium that delivered its study for the development of 310mw of electric power from wind is…

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Diaspora Housing Registration in Final Stage

Diaspora Housing Registration in Final Stage

Almost all of Ethiopian regional states have finalised their Diaspora housing program directives and are preparing to start the housing program registration.

Representatives from the regional state Diaspora offices with Ministry of Foreign Affairs Diaspora Engagement Affairs General Directorate held…

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Addis International Bank Profits Soar 64pc

Addis International Bank Profits Soar 64pc

One of the latest members of the bank industry, Addis International Bank (AdIB), has enjoyed a successful third year, registering a profit after tax of 44.6 million Br, increasing by 64pc on the preceding year’s 27.2 million Br.…

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Taitu Re-opens its Door, Fire Controversy Remains

Taitu Re-opens its Door, Fire Controversy Remains

Both the source of the fire and the action taken by Addis Ababa Fire and Emergency Prevention & Rescue Agency (AAFEPRA) remain controversial regarding the oldest hotel in Ethiopia, Itegie Taitu Hotel. Despite the above, the hotel began giving services…

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