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City collects 12 bln Birr tax in three months
Spread the NewsThe Addis Abeba Revenue Bureau said it has collected 12 billion Birr in the first three months of the current fiscal year. The Bureau is about to announce “Grade A” taxpayers of their taxes and collect the taxes until the November 9, 2021. Mulugeta Tefera, Bureau’s Head said that expansion of the tax…

Enat Bank to launch construction of new headquarters
Spread the NewsEnat Bank Share Company said that it is about to launch construction of its new headquarters at a plot of land in the financial district commonly known as Senga Tera. “The construction of our new headquarter will be sprawled over 4000 square meter of land, which we received from the City Administration of…

Akufada joins microfinance market
Spread the NewsAkufada Microfinance Institution Share Company has launched providing its services on Saturday, October 22, 2022. The launching program was held in Debre Birhan city at Tsadkanie Building. Government officials and shareholders, among others attended the launching program. Tirumar Abate, State Minister of Planning and Development said that policy amendments were implemented to enable…

ESLSE garners 5.64 billion Birr pre-tax profit
Spread the NewsThe Ethiopian Shipping and Logistics Services Enterprise (ESLSE) reported a gross profit of 5.64 billion Birr during the 2021/22 fiscal year ended on July 8, 2022. ESLSE also secured an income of 51.4 billion Birr in the stated period. “The income is the highest one and ESLSE’s total capital has reached over 64.85…

Ethiopia, Djibouti agree to build oil storage terminal
Spread the NewsEthiopia and Djibouti signed a Memorandum of Understanding (MoU) on Thursday to jointly build new oil storage terminal in Djibouti near the Damerjog Industrial Park. The agreement intends to foster a conducive environment for future joint development of oil storage terminals. The MoU was signed between Mamo Mihretu, CEO of Ethiopian Investment Holdings…

Eyezon, electronic support platform collects over $3 mln in month
Spread the NewsCommercial Bank of Ethiopia announced Friday that over $3 million has been collected by Eyezon, a new electronic platform that helps the Ethiopian Diaspora community to donate finances for the country in a month. “The collected amount reaches 60 percent of the planned amount of $5 million in six months,” said Abie Sano,…