Ethiopian Airlines is pleased to announce that Ethiopian Aviation Academy, the largest aviation academy in Africa, has been awarded full membership of the ICAO TRAINAIR PLUS from May 20, 2015.
Dashen Bank Share Company announced a profit of more than 630 million birr in 2010/11 fiscal year. The announcement was
made at the 17th regular meeting of the bank on Tuesday in Addis Ababa, Ethiopia.
The Bank paid 179 million birr in profit tax to the government from its profit according to Teklu Haile Chairperson of the Board of Directors.
The Development Bank of Ethiopia (DBE) approved last Tuesday a 1.52 billion birr loan to Habesha Cement.
The company had sought from the bank 70 percent of the fund it need for setting up a cement factory in the country.
The bank is currently drafting the loan agreement and it is expected that the parties will sign the deal next week.
The annual production capacity of Habesha’s first factory is projected to be 1.4 million tonnes of cement a year, according to Mesfin Abi, CEO of the company.
The National Bank of Ethiopia (NBE) introduced to banks on September 19, 2011a Swift Cheque Value
Transfer, an interbank payment system, to ensure prompt exchange and transfer of cheques above 200, 000 birr.
The SWIFT cheque value transfer allows for the head offices of banks to use Real Time Gross Settlement (RTGS) in settling high value cheques within six hours.
“This is a good move on the part of NBE,” Anteneh Assefah, vice president of Abyssinia Bank, said.
Dashen Bank launched electronic banking services for Union Card holders this week. This service is aimed to serve the increasing numbers of Union Card holders including the growing number of Chinese citizens in Ethiopia according to Lulseged Teferi President of Dashen Bank.
Dashen Bank is the first Bank in Africa to sign a partnership agreement with UnionPay said Lulseged. It is expected that agreement with UnionPay, which has over 2.5 billion clients worldwide, will significantly influence the growth of Dashen he explained.
