Addis International Bank, one of the late entrants to Ethiopia’s finance market, registered an impressive 46 percent growth in profit and managed to generate 85.3 million Birr in the past fiscal year. The earnings per share has also increased by 3.2 percent and reached 193 Birr for a thousand Birr share.
Addis International Catering, which is a subsidiary of MIDROC Group, joined the Ethiopian catering services and has commenced service.
The Addis International Convention Center Share Company (AICC) has approved a second-phase expansion project valued at Birr 7.537 billion, less than a year after inaugurating its first phase in February 2025.
Addis Ababa City Transport Bureau (AACTB) is searching for private companies that will build 354 passenger shelters at public transport stop points. The shelters are going to be built in Addis and its neighboring towns.
The current Ethiopian budget year, according to Addis Ababa City Roads Authority (AACRA), will witness 504.4 kilometers cobblestone road construction in the capital city, Addis Ababa.
