Sidama State has earned over Birr 2.2 billion from 2.4 million tourists in the past nine months, according to the State Culture, Tourism, and Sport Bureau. The revenue came from both domestic and international visitors who explored the region’s religious, cultural, historical, and natural attractions.
Sika Abyssinia Chemicals Manufacturing PLC, an affiliate of the Swizz Company Sika AG, inaugurated its manufacturing plant in Ethiopia. The plant is said to produce admixtures, waterproofing, sealing and bonding, refurbishment, flooring and roofing categories of construction chemicals.
Siket Bank has reported a gross profit of Birr 1.6 billion. This represents a substantial 49% increase compared to the previous year.
Siket Bank S.C. has announced a strong performance for the 2023/24 fiscal year, recording a net profit of Birr 1.54 billion and total assets of Birr 15.9 billion, reflecting a 30% growth. The bank's results were shared by Board Chairperson Tilahun Worku during the 2nd Stakeholders Ordinary General Assembly on Saturday last week, where he addressed board members, shareholders, and directors.
Silea Agricultural Farm has been privatized by Ethiopia’s Ministry of Public Enterprise and transferred to the privately owned company Lucy Agriculture PLC. Silea is privatized for 59.7 million Birr and Lucy had first opportunity to overhaul the Enterprise before the Ministry floated an open bid.
