Nib Bank S.C., one of the private banks in Ethiopia, has signed an agreement with KPMG East Africa Limited for the designing and formulation of management strategy of the bank. The agreement is said to be worth between 20 to 25 million Birr.
Add a comment Add a commentCastel Group, owner of 99.9 percent shares in BGI Ethiopia PLC, in its latest move has acquired the shares of Unibra S.A. in Zebidar Brewer S.C. However, the share transfer has to wait for COMESA’s blessing to go through.
Add a comment Add a commentEthiopian Chamber of Sectoral Associations launched its first e-directory. The Chamber’s move was in the aim of modernizing businesses’ communication and interaction.
Add a comment Add a commentThe state-owned insurer, Ethiopian Insurance Corporation (EIC), has collected a tally of 2.1 billion Birr from the sale of premiums in the first half of the current fiscal year. The amount is said to have exceeded last year’s same period by 234.9 million Birr or in other words 13 percent.
Add a comment Add a commentEthiopian Sugar Corporation disclosed, restoration of Methara Sugar Factory, one of the sugar factories in Ethiopia – where the supply can’t meet the demand – has reached 90 percent completion rate. The restoration job was needed following the damaged that caused by a storm.
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