The Commercial Bank of Ethiopia (CBE) has become the biggest bank in east and central Africa, with a total asset of more than 1 trillion Birr.
In the first quarter of the current fiscal year, the bank has given out loans worth of 36.8 billion Birr for different investment projects and trade activities, and also collected back 51.1 billion Birr from loans. The bank registered a profit of 6.9 billion Birr.
Spread the News Ministry of Finance (MoF) announced Tuesday that the government has assigned the United Nations Office for Project Services (UNOPS) to implement the World Bank-funded recovery program in Tigray region. The government signs a Third-Party Implementation Agreement with the UNOPA for the implementation of the program, according to a statement from MoF. The…
Spread the NewsAs part of expanding investments in neighboring countries, NoC Djibouti has signed an agreement with China Construction to significantly renovate and modernize a service station worth $1.3 million on Wednesday. Minister of Energy and Natural Resource, Yonis Ali Guedi, Minister of Interior, Seid Nouh and Ethiopian Ambassador to Djibouti, Berhanu Tsegaye and scores…
Spread the NewsAwash Insurance Share Company has unveiled its new logo and business motto. The logo unveiling program held on Saturday at Hilton Hotel. The new business motto of Awash Insurance reads as: “We Flow with You”. Rebranding of the logo has been done by internationally experienced institution from Kenya dubbed Brand Integrated Consulting, which…
Spread the NewsThe Ethiopian Civil Aviation Authority (ECAA) has lifted a flight ban of Boeing 737 Max Airplanes, effective as of Monday April11, 2022. ECAA banned flight of Boeing 737 Max Airplane anywhere across Ethiopian Airspace since March 15, 2019 following the crash of ET-302 Max Airplane March 10, 2019. Nonetheless, the Federal Aviation Administration…
Spread the NewsThe National Macroeconomic Council, which is led by Prime Minister Abiy Ahmed (PhD), said Tuesday that Ethiopia’s economy will grow at a rate of 6.6% in this Ethiopian fiscal year despite the challenges the economy has been facing. Members of the Council has discussed on the nine months macroeconomic performance of the country…
Spread the NewsAddis Abeba City Administration signed three agreements to launch the construction of road projects worth 3 billion Birr on Monday with three contractors. China Civil Engineering Construction Corporation (CCECC), Yirgalem Construction PLC, and Brgi Construction PLC signed the agreements with Moges Tibebu, Head of Addis Abeba City Roads Authority. The first road, which…
