2merkato

Ethiopia's Aquarius Aviation PLC concluded contract with the American Cessna Aircraft Company, to purchase two Cessna Caravan airplanes for USD 3.2. The planes which have a 39 seat-capacity are expected to be delivered within a year.

When the agreement is finalized in the coming month, Aquarius will be expected to pay 30 percent upfront, according to Frehiwot Tessema, general manager of Aquarius Aviation.

Awash Bank, Ethiopia's oldest and largest private bank, announced it has obtained a gross profit of over 5.58 billion birr during the 2020/21 fiscal year. The amount has shown an increase of 34 percent or 1.2 billion birr from last year, and is registered as the highest ever for private banks in Ethiopia.

Ethiopia's Awash Bank signed an agreement with Discover Global Network, a US-based e-commerce services partner with cardholders in over 200 countries and territories, to help extend merchant acceptance across Ethiopia. The agreement will enhance access of the Ethiopian business community to global payment card systems, it was learned.

Ethiopia's Awash Wine S.C announced that it has made over 90 million Ethiopian birr profit before tax in the concluded fiscal year. Rezene Hailu CEO of Awash Wine S.C made the announcement during the company's annual employees day.

Rezene said on the occasion that the company has earned 90.84 million birr profit before tax from the 6.4 million liters of wine produced in the budget year. The company’s profit before tax was only 1.5 million birr 15 years ago, he noted.

Bahir Dar Industrial Park, located in Ethiopia's Amhara region, has started exporting textiles. One of the 13 industrial parks in Ethiopia, Bahir Dar Industrial Park is fully dedicated to textile production.