In the first quarter of the current fiscal year, Ethiopia earned 67.59 million USD from the export of gold and gemstones, Ministry of Mines, Petroleum and Natural Gas disclosed.
Add a comment Add a commentBelay Ab Motors has won bid floated for the procurement of 22 vehicles that are each worth 1.2 million Birr. The vehicles are for federal offices of Ethiopia.
Add a comment Add a commentAbay Insurance S.C., one of the private insurance companies in Ethiopia, disclosed it has made 44 million Birr profit during 2015/2016. The profit is 52 percent higher than the company’s profit during 2014/2015. Nonetheless, earnings per share has declined.
Add a comment Add a commentTsehay Insurance, one of the new comers to Ethiopia’s insurance market, made a profit of 14.14 million Birr during the 2015/2016 fiscal year. The performance shows a 22 percent increase when compared to the year previous to it.
Add a comment Add a commentWegagen Bank announced it has bagged a gross profit of 478.5 million Birr, which is 375.6 million Birr after tax, in the last fiscal year. The bank’s profit shows an increase of 26 million Birr when compared to its performance in 2014/2015.
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