2merkato

Ethiopia launched construction of a new bus depot – dubbed Shegole Bus Depot – in its capital city, Addis Ababa. The construction is estimated to cost half a billion Birr.

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) commenced a new training program for people who will be hired at Hawassa Industrial Park. The training is funded by the German government and it is part of the 27 million Euro program.

Awash Bank, one of the first private banks in Ethiopia, announced it has made a gross profit of a little over 1 billion Birr. The profit shows 135 million Birr increase when compared to the fiscal year previous to the last year. The performance is a 13.4 percent hike.

Hailemariam Desallegn, Prime Minister of Ethiopia, has appointed Getahun Nana as the new president to Development Bank of Ethiopia (DBE).

The Chinese bus manufacturing firm, Zhongtong Bus Holding Co. Ltd., has finalized preparations to supply latest public transport buses to Ethiopia.

Ethiopian Airlines, by far the fastest growing airline in Africa, is pleased to announce that it will commence scheduled five weekly flights to Oslo, Norway via Stockholm with the ultra - modern Boeing 787 Dreamliner effective March 26, 2017.

Africa’s largest airline group, Ethiopian Airlines, has finalized preparations to resume  services to  Conakry on  February 01st, 2017.

Africa’s largest Airline Group, Ethiopian Airlines, is pleased to announce that it has won Airline of the Year Award, for the fifth year in a row, by the African Airlines Association (AFRAA) during its 48th Annual General Assembly held on November 21, 2016, in Victoria Falls, Zimbabwe.

Oromia Insurance Company S.C., one of the private insurance firms in Ethiopia, bagged a net profit of 33.4 million Birr. However, the performance shows a 38 percent decline when compared to the year previous to it.

Enat Bank S.C., one of the private banks in Ethiopia, made a net profit of 79 million Birr in the past fiscal year. The performance of the bank shows a 59 percent increase when compared to the preceding year.