Ethio Telecom, the sole telecom service provider in Ethiopia, announced it has garnered a revenue of 36.3 billion birr, amounting to $1.26 billion, in the recently concluded Ethiopian fiscal year.
The investment commission of Ethiopia's Southern Nations, Nationalities, and Peoples' Region announced it has issued licenses to investors who have a combined capital of over $279 million (9.8 billion birr) in the recently concluded Ethiopian fiscal year.
Ethiopian Coffee and Tea Authority (ECTA) announced that spice exports generated USD 7.5 million from 8,400 tons sold over the past 11 months. This reflects a 2,000-ton increase compared to the same period last year.
Ethiopia's and East Africa's tallest building, the headquarters of the Commercial Bank of Ethiopia (CBE) has been inaugurated in Addis Ababa on Sunday, February 13, 2022. The grand opening of the 209-meter-long 53-storey tower also marks the 80th anniversary of CBE.
Tana Beles Sugar Factory, located in Awi zone of Ethiopia's Amhara region, has begun trial production. When it goes fully operational, the factory will produce two million quintals of sugar per year, it was learned.
