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ESLSE garners 5.64 billion Birr pre-tax profit
Spread the NewsThe Ethiopian Shipping and Logistics Services Enterprise (ESLSE) reported a gross profit of 5.64 billion Birr during the 2021/22 fiscal year ended on July 8, 2022. ESLSE also secured an income of 51.4 billion Birr in the stated period. “The income is the highest one and ESLSE’s total capital has reached over 64.85…

Study recommends boosting fruits export earnings by solving challenges
Spread the NewsA survey commissioned by Addis Chamber of Commerce and Sectoral Associations (AACCSA) has recommended boosting Ethiopia’s fruits export earnings through resolving the challenges in the sector. Fruits production and processing sector has been challenged by various problems, which have lagged the sector’s performance behind its potential compared to other countries. AACCSA has organized…

Lack of business ethics blamed for illegal business activities
Spread the NewsAn expert blamed lack of business ethics among few businesses as a challenge for illegal and high price increment on commodities. Eshetu Ejara, an Agricultural Economist by profession told Origins Media that lack of business ethics is the basic problem among the businesses. The government said recently that it has seized hoarded edible…

Ethiopia, World Bank sign financing agreements of $715 mln
Spread the NewsEthiopia and the World Bank signed a total of $715 million financing agreements on Friday. The agreement was signed virtually by Ahmed Shide, Minister of Finance, and Ms. Boutheina Guermazi, Director for Regional Integration Africa at the World Bank. A Financing Agreement amounting to $600 million ($200 million in the form of grant…

Hibret Bank inaugurates its headquarters
Spread the NewsHibret Bank Share Company has inaugurated its new 37-storey headquarters (HQ), which was constructed at a cost of 2.8 billion Birr on Saturday. The HQ which is called “Hibir Tower” is located at Senga Tera financial district. It was inaugurated with the presence of President Sahilework Zewde and Yinager Dessie (PhD), Governor of…

Coca Cola Foundation provides $300,000 to College
Spread the NewsThe Coca-Cola Foundation, the global philanthropic arm of The Coca-Cola Company, has awarded a grant to MedShare International to provide medical supplies and equipment to St. Paul’s Hospital Millennium Medical College- SPHMMC’s in Addis Abeba. The supplies, valued at about $300,000 include Personal Protective Equipment (PPEs), obstetrics and gynecology equipment, pediatric products, and…