Siket Bank S.C. has announced a strong performance for the 2023/24 fiscal year, recording a net profit of Birr 1.54 billion and total assets of Birr 15.9 billion, reflecting a 30% growth. Board Chairperson Tilahun Worku shared the bank’s results during the 2nd Stakeholders Ordinary General Assembly on Saturday last week, where he addressed board members, …
Prime Minister Abiy Ahmed revealed that Ethiopia’s gold mining industry stands out as a significant driver of growth, presenting immense potential for both local and international investment. “Ethiopia is one of the fastest-growing economies in Africa and a beacon of opportunity on the continent. Among its many thriving sectors, the gold mining industry stands out …
Investors engaged in the Bahir Dar Industrial Park are contributing to the country’s economic growth by generating foreign exchange and producing import substitution products. The General Manager of the Bahir Dar Branch of the Industrial Parks Development Corporation, Ms. Truye Qumie, said many of the investors in the park are engaged in agro-processing and manufacturing …
A high-level business delegation from the Czech Republic, comprised of government officials and investors, recently visited the Bole Lemi and Kilinto special economic zones in Ethiopia. The delegation is actively exploring opportunities in sectors such as car assembly, medical equipment manufacturing, trade, and other related industries. During the visit, Zemen Junedi, Deputy CEO of the …
Czech Republic Delegation Explores Opportunities in Ethiopian Special Economic Zones Read More »
The Ministry of Revenues and Birhan Ena Selam Printing Enterprise have signed a memorandum of understanding (MoU) to introduce QR codes on tax receipts, marking a significant step toward improving tax collection efficiency and curbing the circulation of counterfeit receipts in Ethiopia. The MoU, signed by Minister of Revenue Mrs. Aynalem Nigusse and CEO of …
Oromia Insurance Company (OIC) has announced strong financial results for the fiscal year ending June 30, 2024. Despite the challenges posed by a volatile economic environment, OIC reported a 28% increase in gross written premiums, reaching Birr 2.15 billion. The company’s product offerings span life and health insurance, general insurance, agriculture, micro insurance, and Takaful …
Oromia Insurance Reports Strong Growth for FY 2023/24 Read More »
Deputy Prime Minister of the Czech Republic, Marian Jurečka has reaffirmed his country’s commitment to continue supporting Ethiopia to utilize its ample groundwater resources properly. Deputy Prime Minister and Minister of Labor and Social Affairs of the Czech Republic,Jurečka arrived in Addis Ababa on Saturday for an official working visit to Ethiopia and scheduled meetings …
Czech Republic Reiterates Commitment to Continuing Support Ethiopia’s Water Sector Read More »
The first of its kind exhibition of Ethiopian women exporters trade fairs and exhibitions kicks off on 6 December 2024 at the Embassy premises under the framework of the African Continental Free Trade Area (AfCFTA). During the event, Gen. Bacha Debele, Ambassador Extraordinary and Plenipotentiary of FDRE to the Republic of Kenya; Dr. Abraham Korir …
First-ever Ethiopia-Kenya Women Exporters fair opens in Nairobi Read More »
Ethiopian Airlines has been awarded the “Outstanding Onboarding Experience Achievements” at the Nigerian National Tourism Transportation Summit & Expo held in Abuja, Nigeria. This accolade underscores the airline’s dedication to improving Nigeria’s tourism sector with its outstanding air connectivity services. The summit, themed “Tourism Transportation Connectivity: Accelerating the Synergy for National Economic Development,” gathers key …
The Ethiopian Investment Commission highlighted the country’s promising investment prospects to German and African investors during the 5th German African Business Summit (GABS) held in Nairobi, Kenya from December 2-4, 2024. Senior Advisors from the Commission presented various investment avenues and discussed the government’s recent economic reforms to over 900 attendees from 36 countries. They …
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