The Addis Ababa City Administration Roads Authority has signed contracts with seven contractors and two consultant firms for construction of road and design study worth 309,411,764.98 Birr.
National Aviation College concluded a Memorandum of Understanding (MoU) with three Chinese institutions for the purpose of offering aviation education.
AvtoVAZ, the Russian state-owned automaker, and Ethio Engineering Group have signed a letter of intent to collaborate on manufacturing Lada cars in Ethiopia.
Awash Bank signed an agreement with Service Cops aiming to make digital microloans accessible to its 12 million customers. According to Service Cops, the digital microloan service will also reach non-bank customers in the future.
Awash Bank, one of the first private banks in Ethiopia, announced it has made a gross profit of a little over 1 billion Birr. The profit shows 135 million Birr increase when compared to the fiscal year previous to the last year. The performance is a 13.4 percent hike.
