2merkato

The existing rapid economic growth in Ethiopia is need of more producers and investors to achieve sustainability and strength according to Ahmed Abtew, Deputy Chief and Head of the Regional Industry and Urban Development Bureau of the Amhara Regional State Speaking at a bazaar organized in the regional capital.

It is important to strengthen links between manufacturers, enterprises and members of the business community as well as the larger public to sustain the current rapid economic growth ties according to Ahmed.

It was also stated that the government is trying to improve the marketing system in the country,  this in turn is expected to help  increasing the number of investors and expand investment opportunity  ensure the benefits of the general public. 

Lion International Bank (LIB) had launched HelloCash mobile agent banking service on September 22, 2015, at Capital Hotel and Spa, Addis Ababa, Ethiopia, according to The Reporter.

Ethiopia's Lion Insurance Company registered a 13.08 million Ethiopian birr profits after tax, Fortune reported.

The company's earning grew 34.57 percent compared to the previous year. Its earnings per share (EPS) have also reached to 12.25 birr from 7.85 birr.

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).