Ethiopia: CBE’s Reserve Capital Reached 320 Billion Birr
The state owned and the largest bank in Ethiopia, Commercial Bank of Ethiopia (CBE), disclosed its reserve capital has reached 320 billion Birr.
Ethiopia: CBO Reported 267M Birr Gross Profit for FY 2012/13
Cooperative Bank of Oromia (CBO) reported gross profit of 267 million birr for the 2012/13 fiscal year, Capital reported.
Abera Deressa, board chair of CBO siad, “Global growth dropped to almost three percent in this past year, which indicates that about a half a percentage point has been shoved off the long-term trend since the crisis emerged,” addressing the company's share holders during its general assembly on November 30 in Adama town.
Ethiopia: CBO Secures 602 Million Birr Profit
The Cooperative Bank of Oromia (CBO) secured 602 million Birr gross profit in the 2014/15 budget year, according to Capital.
Ethiopia: CCCC Launches Addis Tomorrow Economic Zone
The China Communications Construction Company (CCCC) has officially launched Phase I of the Addis Tomorrow Special Economic Zone, marking a major step in transforming Ethiopia’s capital into a modern, investment-ready city.
Ethiopia: CCECC Agreed to Construct Bahir Dar Industrial Park
Ethiopia’s Industrial Parks Development Corporation (IPDC) signed a contract with China Civil Engineering Construction Corporation Ltd (CCECC) for the construction of Bahir Dar Industrial Park for a of 60 million USD.
