Ambo International Holding Ltd, Mauritius based company, has bought the 33 percent holding Ethiopia’s government had in Ambo Mineral Water SC. The Mauritius based company made the purchase for a price of 19.7 million USD.
Ethiopia's Ministry of Finance has partnered with AMEA POWER to build Horn of Africa's largest onshore wind power project, the Aysha Wind Power Project. With an investment of USD 600 million, this 300 MW wind farm is set to be a key player in the country's renewable energy sector.
AMEC Americas, engineering and project management company, was appointed by Allana Potash to carry out frontend engineering design (Feed) as well as work on the one-million-tonne-a-year muriate of potash (MoP) Danakil project in Ethiopia.
Amhara Bank has reported a pre-tax profit of Birr 377.2 million for the recently concluded fiscal year. Acting CEO, Chanyalew Demse, announced that the bank's total deposits have reached Birr 25.1 billion, with Birr 20.3 billion disbursed as loans to various sectors, prioritizing financial access and inclusion.
Amhara Bank has announced that its paid-up capital has reached Birr 6 billion as it celebrates its first anniversary. The CEO of the bank, Henok Kebede, revealed that the bank's assets have reached Birr 28 billion, with Birr 19 billion in deposits and Birr 15 billion birr in loans to customers.
The bank has 1 million customers across its 260 branches in Ethiopia and offers modern mobile banking services, ATMs, POS, and interest-free banking services in addition to regular banking services.
Source: Fana BC
