Ethiopia: Bank’s Aggregate Capital Increased By 19 Percent
National Bank of Ethiopia (NBE) disclosed aggregate capital of banks in Ethiopia has increase by 19 percent during the 2014/2015 fiscal year.
Ethiopia: Be Connected Industries Inaugurated Printing, Labeling Garment Factories
Be Connected Industries, a multi-national Belgian-Dutch company has inaugurated garment printing and labeling factories with USD 2.5 million capital on June 18, 2015 at the Eastern Industrial Zone.
Ethiopia: Beer Manufacturers Received Warning for Overpricing
Beer manufacturers in Ethiopia are denounced by the Trade Competition & Consumers Protection Authority after over-pricing their products following the Birr devaluation.
Ethiopia: Belay Ab Sealed 26.4 Million Birr Government Deal
Belay Ab Motors has won bid floated for the procurement of 22 vehicles that are each worth 1.2 million Birr. The vehicles are for federal offices of Ethiopia.
Ethiopia: Belayab Launched KIA Cars
Belayab Motors, one of the car assembling firms in Ethiopia, launched KIA’s Rio and Picanto ‘Tiger Nose” models of sedan vehicles. The vehicles are assembled in Adama City, Oromia State.
