Amhara Bank to start operation on July 7 with 70 branches

Melaku Fanta, Chairman of the Board of the Amhara Bank, A total of 70 complete branches will be provided by the bank on the day of its inauguration. He said the bank would expand its branches to more than 100 by July 7. According to Melaku Amhara bank is a public bank, adding that shares

India’s Arvind Limited cutting down its garment production capacity in Ethiopia

India’s Arvind Limited is gradually cutting down its garment production capacity in Ethiopia with uncertainty looming over renewal of the US African Growth and Opportunity Act (AGOA). The company, however, has earmarked ₹200 crore for capacity augmentation in its advanced material division and garmenting businesses, and cost optimisation projects for fabric business during fiscal 2022-23.