Commercial Bank of Ethiopia declared 17.9 billion birr profit

Commercial Bank of Ethiopia declared 17.9 billion birr profit

borkenaAugust 16, 2019 In a performance evaluation meeting with staff members organized at the African Union in the capital Addis Ababa on Friday, Commercial Bank of Ethiopia declared 17.9 billion Ethiopian Birr profit for the fiscal year that ended last month.  President of the bank Bacha Gina , he was appointed after Abiy Ahmed assumed […]

Ethiopia, China partnering on new $300 million industrial Park Project

Ethiopia, China partnering on new $300 million industrial Park Project

Ethiopian government will pay 15 percent upfront while the remainder of the fund for the industrial park project is a concessional loan arrangement with the government of China borkenaAugust 14, 2019 Ethiopia and China are partnering on a new $300 million dollar Industrial Park project, according to a report by Chinese news source – Xinhua.  […]

Bengaluru added to Ethiopian Airlines destinations as of October 2019

Bengaluru added to Ethiopian Airlines destinations as of October 2019

Bengaluru, which is dubbed as home of as India’s silicon valley, is added to expanding Ethiopian Airlines destination. Ethiopian AirlinesPublished on July 31, 2019 Ethiopian Airlines, the Largest Aviation Group in Africa and SKYTRAX Certified Four Star Global Airline, is pleased to announce that it will start passenger flights to Bengaluru, India as of 27th October […]

EthioTelecom reports over $US 1.27 billion generated revenue

EthioTelecom reports over $US 1.27 billion generated revenue

EthioTelecom performance higher compared to previous fiscal year says CEO borkenaJuly 23, 2019 EthioTelecom claims that it has achieved high-level business performance this past Ethiopian fiscal year which covers from July 2018 to June 2019. Total revenue generated during the year is 36.3 billion Ethiopian birr which is the equivalent of $U.S 1.27 billion. The […]

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