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 NewsFollowing months of rigorous monitoring and painstaking preparation, Ethiopian Airlines has announced that it has set to return the B737 MAX back to the skies in the first week of February. The B737 MAX has undergone design modification work and rigorous recertification process which lasted for over 20 months. Accordingly, the American Federal…
Spread the NewsPhibela Edible Oil Factory announced that it is preparing to supply 7 million liters of oil for the upcoming Easter and Eid-Al-Fitr holidays. Setegn Engidaw, Communication Director of Belayneh Kindie Group, was quoted by Walta Media and Communication Corporate as saying that, “Phibela is in preparatory stages to supply 10 and 15 liters…
Spread the NewsUnited States Agency for International Development (USAID) Ethiopia Mission Director Sean Jones has concluded highly impactful visits to Bahir Dar in Amhara Region and Semera in Afar Region. While in Bahir Dar, Mr. Jones announced two new investments in the government of Ethiopia’s national Productive Safety Net Program (PSNP). USAID’s contribution of more…
Spread the NewsEthiopian Airlines has opened a new 5-star Hotel inside the Bole Airport. Skylight In-Terminal Hotel inside Addis Ababa Bole International Airport Terminal 02 is just a short walk to the departure gates for boarding “B”. Travelers needing a pre-flight freshen up or those with shorter stopovers can use the hotel’s 24-hour fitness center….
Spread the NewsEthiopian Horticulture Producer Exporters Association (EHPEA), a business membership organization was established in 2002. It is an organization meant to promote the interest of its members who are engaged in the production and export of cut flowers, summer flowers, fruit, vegetables, herbs, cuttings as well as vegetable seeds. Currently, EHPEA has 120 members…
Spread the NewsTsehay Bank Share Company is poised to officially launch operations on Saturday, July 23, 2022. Tsehay Bank will officially launch operations at its Headquarters—Meaza Desalegn building—in front of Global Hotel. It has a business motto: “Tsehay Bank for All”. The Bank has collected 734 million Birr in paid-up capital and it has 3…
