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Diaspora investment forum kicks-off next week
Spread the NewsThe Ethiopian and Addis Abeba Investment Commissions announced that an investment forum that is expected to attract Ethiopian and Ethiopian descent diaspora will be held next week in Addis Abeba. The forum is slated for January 12 to 16, 2022 at Skylight Hotel. In addition to the consultation about investment opportunities and incentives…

Ethio Telecom launches Ashamtele loyalty program, Telegebeya online sales platform
Spread the NewsEthio Telecom has launched Ashamtele customer loyalty program in a bid to ensure better customer satisfaction and experience through which customers get incentives and rewards based on points collected using the tracks of each of their diverse telecom services usage like voice, data/internet and SMS, as well as for recharging airtime and making…

Hotel owners continue to reel from Covid-19 pandemic
Spread the NewsHotel owners have been bracing for difficult years as the sector continues to reel from a drop in bookings caused by the Covid-19 pandemic, according to Addis Abeba Hotel Owners Association. Hotels in Addis Abeba and regions are losing $35 million and $10 million respectively in a month due to the negative effects…

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…

Bank of Abyssinia posts sharp rise in pre-tax profits
Spread the NewsBank of Abyssinia (BoA) has posted a sharp rise in gross profit to 2.05 billion Birr in the concluded fiscal year in June 2021, which registered an increment of 90 percent compared to the previous year performance. BoA conducted its 25th annual regular shareholders general meeting on Thursday at Inter Luxury Hotel. “Our…

Bunna Bank receives transformation excellence award
Spread the NewsBunna Bank Share Company has been awarded a transformation excellence award in the 7th edition of Infosys Finacle Innovation Award 2021 edition for its encouraging performance in core banking services. The award has been received by Mulugeta Alemayehu, CEO of Bunna Bank. Close to 270 nominations were received from 50 banks globally, across…