The Lamberet Bus Terminal is to commence operation within the next month, after years of delay, Fortune Reported.
The terminal which lies on 22,053 square meter lot in Yeka sub city, was originally scheduled for completion in June 2005.
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Bank of Abyssinia (BoA) concluded a contract with Computer Business Machines (CBM), a Lebanon-based company for the purchase of 50 Automatic Teller Machines (ATM), on December 7, 2013, Fortune reported.
BoA has also selected S2M, a Moroccan company for the supply of 200 Point of Sale terminals (PoS) and a switch system, however they have yet to sign the contract, according to Fortune.
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Habesha Breweries S.C sold 90 percent of its additional shares auctioned in November to two Dutch companies, Fortune reported.
Bavaria bought 20,000 shares worth 20 million birrr, and Peter Linssen acquired 45,000 shares for 65 million birr, now have a combined 60 percent ownership of Habesha Breweries.
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Addis International Bank (AdIB), reported 27.2 million birr profit after tax, a 272 percent increase compared to a year earlier, Fortune reported.
The AdIB’s interest on loans, advances, central bank bonds, treasury bills and deposits rose by 166 percent, to reach 32.3 million birrr. The bank earned 52.6 million birr from non-interest income, such as gains on foreign exchange dealings, service charges, commissions and others.
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Cabey PLC, the largest importer and distributor of Bridgestone car tires in Ethiopia, inaugurated a tire maintenance and retread center, according to The Reporter.
The retreading facility situated on a 10,000 square meter plot in Akaki Kality Sub city, costed 15 million birr.
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