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Oromia Bank reports annual gross profit of 1.13 bln Birr
Spread the NewsOromia Bank has reported an annual gross profit of 1.13 billion Birr in concluded fiscal year in June 30, 2021 showing a growth of 6% compared with that of previous year same period 1.07 billion Birr. Earnings Per Share (EPS) stood at 270 Birr. The total assets of Oromia Bank grew by 23%…

Dulla Mekonnen assumes chairmanship of Dashen Bank
Spread the NewsThe Board of Directors of Dashen Bank has elected Dulla Mekonnen Mosissa as its chairman effective December 21, 2021. Mr. Dulla took over the chairmanship from Neway Beyene, who resigned from the post for personal reasons. The outgoing chairman joined the Board in 2014 and had been in the post since 2018. The…

Ministry grants six large-scale mining licenses
Spread the NewsMinistry of Mines and Petroleum (MoMP) has granted the first of its kind large-scale mining licenses for six mining companies of gold, marble and bromine. The licenses for these companies have been awarded by Takele Uma (Eng.), Minister of Mines and Petroleum on Thursday, September 30. Kurmuk Gold Mining PLC, Etno Mining PLC…

Addis ready to host AU delegates
Spread the NewsMinistry of Tourism and Hoteliers said they are ready to host delegates of the 35th Ordinary Session of The Assembly of the African Union (AU). Ministry of Tourism has organized briefing and consultative training session for hoteliers in Addis Abeba. The briefing program led by Sileshi Girma, State Minister of Tourism stressed on…

Ethiopian crowned with two prestigious awards at Air Cargo News Awards 2022
Spread the NewsEthiopian Cargo & Logistics Services, the largest air cargo network operator in Africa, has been crowned with ‘Cargo Airline of The Year’ and ‘Best Cargo Airline – Africa’ at the Air Cargo News Awards 2022. In a ceremony held in London on 16 September 2022, Ethiopian has been crowned with the two awards…

U.S. launches Kefeta $60 mln investment to lift up Ethiopia’s youth
Spread the NewsThe United States through the United States Agency for International Development (USAID) has launched a new investment of $60 million to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and…