Ethiopian Airlines has called on stakeholders to embrace e-commerce services in the logistics sector, which the world is expediting the services. “The normal Cargo is in the process of transmuting into E-Cargo system following the change in working system from international e-commerce giants such as Amazon and Alibaba,” said Mr. Girma Wake, Board Chairperson of…
Ethiopian Airlines launched a new flight to Bulawayo, Zimbabwe, via Victoria Falls starting from Sunday, 30 October 2022. Ethiopian has started four weekly flights to Bulawayo, a third destination city in Zimbabwe after Harare and Victoria Falls and a third new destination opened after the pandemic. With the addition of Bulawayo, Ethiopian global destinations…
Awash Insurance Share Company has unveiled its new logo and business motto. The logo unveiling program held on Saturday at Hilton Hotel. The new business motto of Awash Insurance reads as: “We Flow with You”. Rebranding of the logo has been done by internationally experienced institution from Kenya dubbed Brand Integrated Consulting, which is a…
Berhan 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 on Thursday,…
Profit surges by 4.8mln Birr Lion insurance Company said Saturday that it has registered a gross profit of 63.9 million Birr in the fiscal year which was concluded on June 30, 2022. Lion Insurance Share Company held its 15th Annual Regular Meeting at Elilly Hotel. The profit showed 4.8 million Birr or 8.1% surge than…
Executives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at Hilton Hotel….
By Kaleyesus Bekele The Ethiopian Civil Aviation Authority (ECAA) has granted an Air Operator Certificate (AOC) to Gold Star Aviation, a new air transport company established by the renowned businessman, Werku Ayetenew. At a ceremony held today ECAA Director General Getachew Mengistie congratulated the management of Gold Star Aviation for complying with all the requirements…
One of the largest private banks in Ethiopia , Dashen Bank, earned a gross profit of 3.8 billion birr in the 2021/2022 budget year. The profit went up by 57% on the same period last year. Chairman of the Board of Directors of the Bank Dulla Mekonnen said while he presented the annual report that the bank…
Ethio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching program was…
The recipients in the inaugural Keep Walking: Africa Top 30 List have been announced, presenting a select group of next gen African creatives and visionaries who are boldly pushing culture forward while making impact on the continent’s creative economy, across music, film, media, fashion, and art. An innovative new initiative from Johnnie Walker™ and Trace,…
