2merkato

Oromia International Bank Share Company announced a net profit of 44.4 million birr. The bank’s profit exceeds that of the previous fiscal year by more than 25.1 million birr.

Oromia International Bank recorded 56.7 million birr profit before tax while its overall revenue reached 153.1 million birr.

The bank traces its success to a rewarding working environment, good customer service and a strong relationship between the board and management according to Abera Tola Chairman of the Board of Directors at OIB.

Over 1,600 kg of gold was supplied to the central market from Guji Zone of the Oromia Regional State over the last nine months, Mines Office of the zone said.

The amount exceeds the set target by 100 kg and that of the same period last year by 549 kg, Mekonnen Lema, head of Mines Development Administration Office, said.

The cooperatives in Guji, which supplied the 1,600 kg of gold to central market this year, are preparing to supply more than 2,000 kg of gold to the market for the coming fiscal year.

Source: Ethiopian News Agency

Over 20 UK companies, in the Invest Africa platform, are exploring investment opportunities here in Ethiopia.

The Job Creation and Enterprises Development Bureau of Addis Ababa, Ethiopia's capital, announced that it has created job opportunities for 205,477 citizens within the past nine months. Abiot Tadesse, Director of the Bureau, said 167,138 of the new jobs created were for the youth. Again of the total figure, 97,079 were for women and 21,342 were for college graduates.

The Ministry of Urban and Infrastructure has announced that around 250 companies from 20 countries will showcase their products and services at the third Big 5 International Construction Exhibition, scheduled to take place from June 28 to 30 in Addis Ababa.