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Ministry sets new factory prices for cement
Spread the NewsMinistry of Trade and Regional Integration (MoTRI) has announced Wednesday new factory prices for cement product, which will be effective for three months. Following the decision, MoTRI has regulated that the minimum factory selling price for a quintal of cement to be 510 Birr while the maximum price is 683.44 Birr. “Due to…

Ethio Telecom garners 28 bln Birr revenue in six months
Spread the NewsThe telecom giant of the nation, Ethio Telecom announced Monday that it has generated 28 billion Birr revenue in six months period, which achieved 86.4% of the plan. The revenue collection show a 6.7% increment from the previous budget year similar period. Frehiwot Tamru, CEO of Ethio Telecom presented the 2021/22 first half…

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…

Commission warns investors, Diaspora not to bribe experts
Spread the NewsGirma Seifu, Addis Abeba Investment Commissioner has warned investors and members of the Diaspora on Tuesday not to offer a bribe with an intention of getting any services from the Commission. Commissioner Girma told the investors not to make any payments to Addis Abeba Investment Commission experts to get any services they need….

EEP loses 1.6 bln Birr due to impacts of war
Spread the NewsThe Ethiopian Electric Power (EEP) said that it has lost 1.6 billion Birr due to the damaged properties and reconstructing costs of damaged infrastructures following the devastating war in the north and northeast parts of the country. Electric sub-stations, conductors, towers, insulators, and other EEP properties and infrastructures were damaged by the war,…

Ethio telecom plans increasing customers’ to 73.5 million
Spread the NewsEthio telecom, the state giant telecom operator, announced Monday that it has a plan to increase its customers to 73.6 million in the current Ethiopian fiscal year from the baseline of 66 million customers. Frehiwot Tamiru, CEO of Ethio telecom unveiled Three Years Lead Growth Strategy (July 2022-July 2025) of the company at…