Public Service Employees Transport Service Enterprise (PSETSE) is going to merge with Walia Intercity Bus Service Enterprise in order to start giving the awaited transportation service to government employees in less than a quarter of a year.
Ethiopian Water Works Construction Enterprise is going to establish a water engineering training institute at an out lay of 200 Million Birr.
On April 9, Wegagen Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic partnership agreement to establish a USD 10 million trade finance guarantee facility.
Wegagen Bank and Mpesa, a mobile banking platform offered by Safaricom Ethiopia, have joined forces to provide customers with convenient digital payment solutions. This partnership, approved by the National Bank of Ethiopia, aims to eliminate the need for cash transactions.
Wegagen Bank announced it has bagged a gross profit of 478.5 million Birr, which is 375.6 million Birr after tax, in the last fiscal year. The bank’s profit shows an increase of 26 million Birr when compared to its performance in 2014/2015.
