2merkato

Debub Global Bank Share Company is to enter the Ethiopian banking sector in 2012. The Bank has raised 286 million birr in subscribed capital and 150 million in paid up capital through the sale of shares. 5481 shares have been presented to the National Bank pending signature and verification by shareholders according to an official at the Bank.

Debub Global Bank expects to concentrate its activities in the South of Ethiopia where there exists untapped potential for investment said the official. The shareholders of the bank understand the potentials in the South and are interested in engaging in investment and trade in the area explained the official.

Ethiopian micro finance institution, Dedebit Credit and Saving Institution S.C (DECSI) reported it has disbursed 728.5 million Ethiopian birr loan during the past nine months.

Company Operation Manager, Yonannes Gebremeskel, told Walta Information Center, the loan was disbursed to individuals engaged in Small and medium enterprises.

Delbi Coal Mining Share Company is set to extract 30,000 tons of coal in Ethiopia. The company will be extracting coal from an open mining field in Jimma. Delbi plans to increase its production to 200,000 tons of coal in time. 

Delbi has extracted and sold an estimated 46,000 tons of coal since it began operating. The company has begun preparation for the mining project.

Delegation team from Ethiopia attended African Investments and Business Forum held in Algiers, Algeria. The forum was held from December 3 to 5, 2016 under the theme of “Towards a new dynamic”.

Deloitte Consulting Ltd. has formed a collaborative venture with HST consulting plc, a local firm to enter the market in Ethiopia.

The partnership was registered with a capital of 1.1 million birr Deloitte is expected to offer management consultancy, senior management training services, and tax advisory.

The two companies took about a year in discussions as Deloitte studied the market potential in Ethiopia according to a senior partner with HAST consulting plc.