2merkato

Lion International Bank, Ethiopia earned 75.4 million birr after tax in the last financial year registering a 72.2 percent increase from the revenue it had earned in the previous fiscal period. The bank announced its profits at the eight annual shareholders meeting held at the Sheraton Addis Hotel.

The bank’s shareholders expressed their appreciation for the positive performance shown by the bank although Earnings Per Share remained similar to the previous year standing at 6.09 Br for a par value of 25 Br, as compared to 4.40 Br last year.

The EPA did not show a significant increase due to the large increase in capital initiated by the bank said Negusu Gebregziabher, President of the Bank.

A Career Fair event organized by LonAdd, a local human resource consultancy firm, is going to take place in October 23 at the United Nations Economic Commission for Africa (UNECA).

Ethiopia is to host a trade and business delegation of members from Los Angeles World Airports, the Los Angeles Tourism and Convention Board and the City of Los Angeles, according to Foreign Commercial Service office at United States Embassy in Addis Ababa.

Lotus Energy Cooperative, the Australian community-owned clean energy firm, has won the bid to build in a complex which combines solar, battery storage, and waste-to-energy capacity.

Watergate Hotel which is found in Addis Ababa, is going to be reopened as Olympia. Tulip Inn Hotel, a subsidiary of Louvre Hotels Group and which is a four star brand name hotel, concluded its first deal in Africa to open Olympia Hotel in Addis. According to Kumneger Teketel, founder and CEO of Ozzie, which brings different brand name hotels to Ethiopia, there are thirty brand name hotels in Addis Ababa.