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City collects 12 bln Birr tax in three months
Spread the NewsThe Addis Abeba Revenue Bureau said it has collected 12 billion Birr in the first three months of the current fiscal year. The Bureau is about to announce “Grade A” taxpayers of their taxes and collect the taxes until the November 9, 2021. Mulugeta Tefera, Bureau’s Head said that expansion of the tax…

Midroc Ethiopia PLC, Marriott International ink agreement to admin Westin Hotel
Spread the NewsMidroc Ethiopia PLC announced that it has signed an agreement with Marriott International to operate a Westin Hotel located next to the African Union headquarters in Addis Abeba. Mr. Jamal Ahmed, CEO of Midroc Investment Group said: “As we build on our long-term relationship with Marriott International, we look forward to bringing the…

Ethio Telecom garners 61.3 bln Birr yearly revenue
Spread the NewsEthio telecom announced Thursday that it has garnered annual revenue of 61.3 billion Birr in 2021/22 fiscal year. Frehiwot Tamiru, CEO of Ethio telecom presented the yearly performance of the company at Ellily Hotel. She said that the company had a plan to collect revenue of 70 billion Birr and earned 61.3 billion…

Berhan Bank gross profit soars to 583.4 mln Birr
Spread the NewsBerhan Bank Share Company has garnered a gross profit of 583.4 million Birr gross profit in 2021/2022 fiscal year ended on June 30, 2022; a profit went up by 72.8% from the previous year. Previous year’s gross profit of the bank was 337.6 million Birr. Berhan Bank conducted the 13th Ordinary Shareholders’ Meeting…

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…