Hyundai Ethiopia assembly plant inaugurated

Hyundai Ethiopia assembly plant inaugurated

Hyundai Motor Company ventured to a joint assembly plant in Addis Ababa, Ethiopia. Marathon Motors Engineering company, which belong’s to the greatest long distance athlete in history, Hailegebreselassie, is a business partner. borkena February 21,2019 Hyundai Motor Company inaugurated today its first assembly plant in Addis Ababa today. The car assembly is said to be […]

Ethiopian Banks to lend money on non-fixed asset collateral

Ethiopian Banks to lend money on non-fixed asset collateral

National Bank of Ethiopia disclosed today that it is in the process of approving a draft regulation that would allow Ethiopian banks to lend money on the basis of non-fixed asset collateral borkena February 20,2019 So far, the practice was borrowers were given loan on the basis of fixed asset collateral. The new policy is […]

Ethiopian Airlines restructures its entire U.S. network

Ethiopian Airlines restructures its entire U.S. network

ENA February 1,2019 Ethiopian Airlines announced that it will re-structure its U.S. network that includes opening new destination, adding frequencies and shifting gateways as of the summer of 2019. The new U.S. network is aimed at giving passengers the best possible connectivity and shortest routes. Group CEO of Ethiopian Airlines, Tewolde GebreMariam said about the […]

Commercial Bank of Ethiopia reports 9.4 billion birr profit in six months

Commercial Bank of Ethiopia reports 9.4 billion birr profit in six months

Commercial Bank of Ethiopia says it did well compared to last budget year borkena January 29,2019 Commercial bank of Ethiopia reported 9.8 billion birr profit (that is about US $348 million) in six months time during the current Ethiopian budget year. The bank disclosed the report during six months performance evaluation on Friday January 25. […]