Awash Bank Announces Pre-Tax Profit of Nearly 11 Billion Birr
Awash Bank, Ethiopia’s first private bank, held its 29th Annual General Meeting (AGM) today and announced plans to celebrate its 30th anniversary in January.
Presenting...
ADvTECH Expands into Ethiopia with $7.5 Million Acquisition of Flipper International School
In a significant move to expand its presence across Africa, JSE-listed private education provider ADvTECH Group has announced the acquisition of Flipper International School,...
Commercial Bank of Ethiopia Moves to Establish an Investment Bank
The Commercial Bank of Ethiopia (CBE) is in the process of establishing an investment bank, a move aligned with recent regulatory changes aimed at...
Ethiopia Set to Begin Electricity Exports to Tanzania via Kenya
Ethiopia is preparing to commence electricity exports to Tanzania through Kenya, marking a significant step in cross-border energy trade within East Africa.
According to Bloomberg,...
Ethiopia Approves 581 Billion Birr Supplementary Budget for 2024/25
In a significant session, Ethiopia’s Council of Ministers convened for its 40th regular meeting, deliberating on a range of pivotal issues that aim to...
Federal Government Employees to Work 48-Hour Weeks Under New Law
The Federal Government Employees Amendment Bill, a subject of intense debate, was approved yesterday by the House of Representatives. Members voiced varied opinions on...
