Angel’s Cotton & Textile Production PLC – a Turkish textile company is to launch production of textile products in January, 2014, Fortune reported.
The factory is being construed in Legetafo Industrial Zone, 25kms from Addis Abeba, in Oromia Regional State, on a 2.5 hectare plot.
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Ethiopia's Bunna International Bank (BIB) posted 59.2 million birr after tax during the the 2012/13 fiscal year, Fortune reported.
BIB also reported EPS of 211.3 birr, a 59.47 percent increase for its fourth year of operation.
Add a comment Add a commentThe Adet Agricultural Research Center is set to introduce two improved high yield bread wheat varieties to farmers in Amhara State.
Dr. Tesfaye Feyesa, Director of the Center said, the Center will introduce the new varieties to farmers at the trial site in Gozamina Woreda in East Gojjam Zone.
Add a comment Add a commentThe Oromia Credit and Saving Enterprise announced that it has disbursed over 306 million Ethiopian birr in loan to beneficiaries during the first quarter of the current fiscal year.
The Enterprise told Ethiopian News Agency that it has distributed the loan to 96,000 beneficiaries through its 294 branch offices.
Add a comment Add a commentThe Ethiopian Ministry of Industry signed on agreements with several contractors for the 2nd phase construction of the Bole Lemi Industry Zone construction Thursday, October 31, 2013.
The agreement was signed with 14 contractors and a consultant engineer. All construction work on the site will be assigned to local contractors, except a Chinese contractor for the road construction, according to Ethiopian Radio and Television Agency.
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