Development Bank of Ethiopia (DBE) revealed that it had collected Birr 743.1 million in net profit during the first quarter of the current fiscal year achieving 87% of its plan. The bank’s total revenue reached Birr 2.03 billion during the same period.
Diageo PLC, producer of Meta Abo, Zemen Beer and Malta Guinness non-alcoholic beer brands, begins a 780 million Birr expansion project, according to Addis Fortune.
Expansion work Diageo carried out on a factory it owns in Ethiopia, Meta Abo Brewery, is inaugurated. The expansion project was carried out at an outlay of USD 119 million.
The Ethiopian Diaspora Service has announced that over USD 2.5 billion in foreign exchange was received from the diaspora over the past five months. Ambassador Fitsum Arega, Director General of the service, revealed that the surge was largely attributed to macroeconomic reforms, particularly those implemented by the National Bank of Ethiopia.
A new digital vehicle fleet management system for trucks was inaugurated today on the Addis Ababa-Djibouti corridor, marking a major advancement in trade between Ethiopia and Djibouti.
