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Meet Mesfin Tasew, new Ethiopian Airlines Group CEO
Spread the NewsMesfin Tasew Bekele is a successor of the former Ethiopian Airlines Group CEO Tewolde GebreMariam after his early retirement request due to health issues. Mesfin’s appointment is approved by the Board of Management of Ethiopian Airlines. Mr. Mesfin has 38 years of experience in airline management and operations in the areas of aircraft…

Bunna Bank bags gross profit of 937 mln Birr
Spread the NewsBunna Bank S.C. has reported a gross profit of 937 million Birr in the concluded fiscal year in June 2021. The Bank held its 12th general and 5th extraordinary shareholders meeting at Gold Club on Sunday. Sewale Abate (PhD), Chairperson of the Board of Directors of Bunna Bank said the Bank’s total deposit…

Chinese company seeks to invest in rapeseed oil production
Spread the NewsZhejiang YaoHeng Photoelectric Technology, a  Chinese firm, has expressed interest to invest in the Agro-processing sector of Ethiopia, particularly in the production and export of rapeseed oil. Representatives from the Chinese company held a virtual discussion on Thursday with Lelise Neme, Ethiopian Investment Commission Commissioner (EIC), Ambassador Gebeyhu Ganga, Directorate General of…

Wegagen Bank posts 193 mln Birr gross profit
Spread the NewsWegagen Bank Share Company has posted a gross profit of 193 million Birr in the concluded fiscal year in June 2021. The profit was declined from previous year performance of close to a gross profit of 1 billion Birr. The concluded fiscal year has been marked by multifaceted challenges for Wegagen Bank. The…

BGI Ethiopia launches internship program
Spread the NewsBGI Ethiopia has officially launched its internship program by recruiting students from Addis Ababa University (AAU). The program was held on Tuesday, February 15, 2022 at the premises of AAU. It was on October 2020 that BGI Ethiopia signed a memorandum of understanding with AAU, to implement the BGI XP internship Program. Back…

Ministry, local mining companies sign coal production agreements
Spread the NewsMinistry of Mines has signed coal production agreements with eight local mining companies with a total capital of 6 billion Birr. The agreement has been signed on Thursday among Takele Uma (Eng.), Minister of Mines and representative of each company. The six companies have been granted with the license because they have finalized…