Latest Business Alerts

BravoCom Opens Flagship Store for Tecno Smartphones

tecno BravoCom PLC, opens its first flagship store for Tecno smartphones on Monday November 18, 2013 around Bole Medhanialem, The Reporter reported.

General Manger of Bravocom PLC, Levi Girma, told The Reporter that the concept behind the shop is to provide consumers with a new experience when shopping for smartphones. “Traditionally, consumers purchased mobile devices from small shops with salespeople sitting behind a counter.

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Nyala Insurance Reported a 32.4% Rise in Net Profit for FY 2012/13

nayala Nyala Insurance S.C (NISCO), reported a 32.4 percent rise in net profit in the 2012/13 fiscal year, Capital reported.

NISCO grossed 70.2 million Ethiopian birr and earned 57.5 million birr net profit after tax, a 2.7 million birr increase compared with its performance a year earlier.

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Ethiopia: HPR Passed Demurrage Proclamation

The Ethiopian House of Peoples' Representatives (HPR) has passed demurrage proclamation on Tuesday 19 November, 2013, The Reporter reported.

The new proclamation is said to be necessary for the export and import of goods at a competitive cost. The law is also expected to reduce delays and benefit consumers, exporters and consignees.

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National Bank of Ethiopia Inaugurated New CORE Banking System

nbe The National Bank of Ethiopia (NBE) inaugurated its new centralized, online, real-time, electronic (CORE) banking system after months of delay, Fortune reported.

The NBE launched its new CORE banking system, called Quantum Intellect, replacing the previous Bank Master system, on Monday, November 18, 2013.

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EU concluded a US$287.26 million Agreement with the Ethiopian Government

The European Union concluded a US$287.26 million development grant agreement with the Ethiopian government on Monday November 25, 2013, Reuters reported.