2merkato

Awash International bank (AIB) disclosed, during the past budget year it managed to raise its deposit from 13.1 Billion Birr to 16.1 Billion Birr.

Addis Ababa Roads Authority (AARA) announced roads it built at the cost of 6.5 Billion Birr are open for traffic.

Ministry of Trade (MoT) is going to establish a new regulatory body for the purpose of supervising share companies.

Out of six enterprises, Privatization & Public Enterprises Supervising Agency (PPESA) floated, only one attracted a buyer.

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.