
Similar Posts

EEP loses 1.6 bln Birr due to impacts of war
Spread the NewsThe Ethiopian Electric Power (EEP) said that it has lost 1.6 billion Birr due to the damaged properties and reconstructing costs of damaged infrastructures following the devastating war in the north and northeast parts of the country. Electric sub-stations, conductors, towers, insulators, and other EEP properties and infrastructures were damaged by the war,…

Lion Insurance profits over 57 mln Birr
Spread the NewsLion Insurance Company has reported a profit of 57.098 million after tax as of July 2021. The insurance company has enabled to write a net premium income of 306,322 million Birr in the stated period. During the reported year the amount of net claims paid was 187,982 million Birr. The total equity of Lion…

CBE to inaugurate its new tallest HQ Sunday
Spread the NewsCommercial Bank of Ethiopia, the State-run financial firm, will officially inaugurate its new headquarters (HQ) and Ethiopia’s tallest building on Sunday, February 13, 2021. The inauguration of the 53-storey will take place on the same day the bank celebrates its 80 Year Diamond Anniversary, said Abie Sano, President of the Bank in a…

More than 21 bottled water manufacturers cease production
Spread the NewsMore than 21 bottled water manufacturers have ceased their production, Fana Broadcasting Corporate reported Thursday. Nation’s bottled water producers that exceed 134 are discussing with Ministry of Industry, Ministry of Trade and Regional Integration, Customs Commission and Addis Abeba Trade Bureau officials. Companies’ representatives also said that other factories are not functioning with…

Infrastructural gap poses challenge on industrial park
Spread the NewsDebre Birhan Industrial Park (DBIP) said Tuesday that delays in the infrastructural gap development is posing a challenge to attract more investors. “The park has developed 10,000 hectare of land for investment. However, lack of road construction taking to DBIP is a predicament,” said Yeshitla Mulugeta, General Manager of Debre Birhan Industrial Park…