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Enat Bank reports gross profit of 289 mln Birr
Spread the NewsEnat Bank Share Company has reported a gross profit of 289 million Birr in the concluded fiscal year in June 30, 2021. Its paid up capital has also grew to 1.5 billion Birr from 1.3 billion Birr in the previous year. Meanwhile, its total assets hs reached 14.6 billion Birr. “The number of…

Gov’t invests 12.8 bln Birr to subsidize fuel
Spread the NewsThe government announced that it has invested 12.8 billion Birr in April 2022 to subsidize fuel. The government spent 24 billion Birr on subsidy of fuel in the past two years. Meanwhile, Ministry of Trade and Regional Integration (MoTRI) revealed a decision to hike fuel prices by 16 percent starting from Sunday. MoTRI…

Zemen : A Bank Blossoming Through Challenges
Spread the NewsZemen Bank Share Company is all about giving customers choices and convenience. For Zemen, banking is not limited to just branches and it sees it as “something customers do, not somewhere they go.” The Company abides strictly by the laws and regulations of the jurisdiction where it operates, and observes the guidelines and rules…

Ethiopia’s economy predicted to grow at 6.6% despite challenges
Spread the NewsThe National Macroeconomic Council, which is led by Prime Minister Abiy Ahmed (PhD), said Tuesday that Ethiopia’s economy will grow at a rate of 6.6% in this Ethiopian fiscal year despite the challenges the economy has been facing. Members of the Council has discussed on the nine months macroeconomic performance of the country…

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…