2merkato

Cooperative Bank of Oromia S.C. (CBO) secured a gross profit of 470.6 Million Birr during the past budget year. This income is 78 percent higher than what the bank has earned in the budget year before that.

The Bid floated for organizing the 2015 Easter Trade Fair and Bazaar only managed to secure two bidders, which is one less bidder than the legal requirement.

Bank of Abyssinia (BoA) started a system that allows its customers to withdraw up to 15,000 Birr from the Bank’s Automatic Tailor Machine (ATM) and 20,000 Birr from its Point of Sale (PoS).

Ethiopian Airlines announced it took delivery of three pilot training aircrafts from Cessna Aircraft Company. The aircrafts are dubbed Cessna 172 Pilot.

A draft directive is prepared by the Ministry of Development, Housing and Construction (MUDHC) on housing registration for members of the Ethiopian Diaspora community. This housing scheme is going to be open only for the Ethiopian Diaspora.

Huajian Group, a Chinese shoe manufacturer, is going to invest U.S $ 2.2 Billion in Ethiopia to build an Industrial Zone of its own. The industrial zone is going to be around Lebu area, South Western outskirts of Addis Ababa.

A forum intended to assess the implementation of Africa’s cross-border transport infrastructure Project is opened in Ethiopia on Thursday.

Arab League’s Ambassador to Ethiopia and African Union (AU), Saleh Sahabun, noted the organization is encouraging Arab nations to strengthen their ties with Ethiopia.

The World Bank (WB) disclosed there is a need to strengthen competitiveness in the Ethiopian economy by diversifying and introducing value added export commodities. According to WB, such shall be done in order to tackle the recent problems such as drop in price the export sector is facing.

Tewolde Gebremariam, Ethiopian Airlines’ Chief Executive Officer (CEO), is awarded a Gold medal by the company’s Board of Directors. He is awarded the medal for his efforts to make the Airline deliver sustainable quality services and profit making company.