Sunday, April 21, 2024
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Author Name

Dawit Taye

Total Articles by the Author

63 ARTICLE

Sunshine Construction joins Ethiopian Airlines staff housing scheme

Firm to partner with Chinese contractor to deliver 5,000 units Sunshine Construction has become the latest real estate firm to sign on for an Ethiopian...

Addis Chamber to conduct internal investigation following misconduct, fraud allegations

Mesenbet Shenkute, Shibeshi Bettemariam under the spotlight The secretariat of the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is slated to be the...

Business tycoon Seid Mohammed calls quits on Ambassador Hotel

Bole property to be repurposed into hospital, commercial space Seid Mohammed, proprietor of several businesses under the brand name ‘Ambassador’, has shuttered the doors of...

Berhan management apologizes for record-low dividends

Berhan International Bank’s earnings per share for the fiscal year ended July 2023 has dropped to an all time low at a little over...

Dashen’s forex mobilization doubles in three years, marks USD1 billion

Dashen Bank ended the fiscal year last June mobilizing a billion USD worth foreign currencies, a 43 percent increase from its performance the previous...

War causes total destruction of Sheba leathers

A 2.9 billion birr property was reduced to ashes The war in Tigray destroyed one of Ethiopia's leading leather manufacturers, Sheba Leather Industries, according to...

Amhara Insurance in pipeline with 2 bln birr capital

Promoters of Amhara Insurance are finalizing preparations to establish an insurance firm with two billion birr in paid-up capital. Amhara Bank is expected to...

New central bank’s governor reveals priorities to get economy back on feet

The newly appointed National Bank of Ethiopia (NBE) governor, Mamo Mihretu, has laid out his strategic priorities for mending Ethiopia's economy, which has been...

Central bank sevenfolds microfinance capital threshold

The National Bank of Ethiopia (NBE) has introduced a new directive that compels microfinance institutions (MFIs) to meet a minimum paid-up capital requirement 75...

Government expects saving USD100 million from banning selected import items

supermarkets fear shutdown The central bank of Ethiopia expects saving close to 100 million dollar per year, from the ban imposed on selected import items.  In...

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