2merkato

The Ethiopian Documents Authentication and Registration office has raised more than 116 million birr which is 102% of its target from public services charge announced a report prepared by the office.

The Office was able to handle more than 399 thousand cases in the just ended financial year which was 112% more than what it planned to handle in the financial year.

DARO has been able to serve 767,009 cases in the two years since it radically reformed its operating system seeing an increase of 22% in the number of cases it handled this year and a 20% increase in the revenue it raised over the last financial year it was said.

Dashen Bank, Ethiopia registered 893 million birr before tax netting 652 million birr in the last financial year. The earnings per share for the fiscal period was 926 birr.

The profit registered by Dashen is notably one of the highest to be recorded by a private bank. The bank surpassed the 450.7 million birr it earned in the previous fiscal year by 42% translating in to a 200 million birr increase in profit.

Per share earnings also showed an increase of 23% as compared to the 753 birr in earnings last year.

Dashen Bank, one of private banks in Ethiopia has generated 2.5 billion Birr in revenue in the 2014/15 budget year, Capital reported.

Dashen Bank has contracted for the construction of two branches in the Ethiopian towns of Gondar and Dire Dawa. The construction projects are expected to cost a total of 103.5 million birr.

The construction of the Dashen branch in the Northern town of Gondar will be carried out by Orbit Engineering plc. The contractor won the project for 37.5 million birr and took charge of the building site last week.

Dashen Brewery Share Company’s second plant built in Amhara Regional State of Ethiopia was inaugurated on November 15, 2015, Fana Broadcasting Corporate reported.