Dashen Bank profits 2.4 bln Birr before tax

Dashen Bank profits 2.4 bln Birr before tax

Dashen Bank, among the most profitable banks in Ethiopia, has reported an annual profit of 2.4 billion Birr before tax during the financial year concluded on July 2021. Dashen mobilized 21.1 billion Birr in deposits, and its total deposit has reached 74.6 billion Birr, which registered 39.4 percent increase from last year’s performance, according to…

ECX trades 4.4 bln Birr worth commodities in three months

ECX trades 4.4 bln Birr worth commodities in three months

The Ethiopian Commodity Exchange (ECX) said it has traded 4.4-billion-birr worth of agricultural products in the first quarter of the current Ethiopia budget year. The total traded 51,640 metric tons of agricultural products in the first quarter of 2014 Ethiopian fiscal year includes: Coffee: 17,690 tons Sesame: 15,445 tons White beans: 3,024 tons Soybeans: 4,731…

Haile Gebresilassie on how he thrived as an entrepreneur

Haile Gebresilassie on how he thrived as an entrepreneur

Haile Gebresilassie is a legendary athlete and a symbol of inspiration locally and at the international stage. He has won multiple of world and Olympic titles. He is an athlete turned entrepreneur. He gives a testimony that both professions are similar in some aspects. But for him most of the disciplines in these professions are…

Africa discusses financing post-Covid-19 dev’t

Africa discusses financing post-Covid-19 dev’t

African Heads of State, ministers, leaders of the private sector, development actors and academics will be gathering in Cabo Verde from 2 to 4 December for the African Economic Conference. This year edition of the conference is focused on “Financing Africa’s post-Covid-19 development.” Developing new ways of financing the post-Covid-19 recovery and accelerating development in…

Ethiopian, Boeing sign MoU for B787 landing gear exchange at Dubai Air Show

Ethiopian, Boeing sign MoU for B787 landing gear exchange at Dubai Air Show

Ethiopian Airlines has signed a Memorandum of Understanding (MoU) with Boeing that will help the airline to bring cost savings to its maintenance operations with Boeing’s 787 landing gear exchange program at the ongoing Dubai Air Show. “As the fastest growing airline in Africa, much of our success depends on our ability to seek out…

Ethiopian Airlines takes part at Dubai Airshow

Ethiopian Airlines takes part at Dubai Airshow

Ethiopian Airlines, Africa’s largest airline, has displaced its Airbus A350-900 aircraft at the Dubai Airshow 2021, which was opened on Sunday. The national flag carrier operates 16 A350-900 aircraft. The airshow will remain open until Thursday, November 18, 2021. Dubai Airshow is the third largest airshow that hosts over 1,200 exhibitors and representatives from 148…

Dashen Bank, Thunes join hands for cross-border payments

Dashen Bank, Thunes join hands for cross-border payments

Dashen Bank has officially entered into a partnership with Thunes to facilitate fund transfers across the globe to Ethiopia. The partnership with Thunes, a leading global payments network to facilitate cross-border fund transfers is expected to make it quicker and cheaper to send money to Ethiopia from across the world directly to customers’ bank accounts…

TotalEnergies launches this year Startupper challenge

TotalEnergies launches this year Startupper challenge

TotalEnergies has announced that it has launched the third edition of the Startupper of the year challenge on Tuesday. For this edition, the Startupper of the Year Challenge by TotalEnergies is poised to support and reward young local entrepreneurs between ages of 18 and 35, who either have a business creation project or a startup…