The Ethio-German business forum opened yesterday in Addis Ababa, Ethiopia. The forum brings together over a hundred Ethiopian and German businesspeople. A delegation from the German state of Baden-Wuerttemberg came to attend the forum.
Ethswitch, the entity responsible for operating Ethiopia’s national payment system infrastructure, has reached the final phase of integrating its domestic card schemes with 32 international card networks through a partnership with the Discover Global Network.
EthSwitch S.C. has reported a net profit of ETB 789,609,373. for the 2023/2024 financial year.
EthSwitch, the national digital payment switch connecting banks and financial institutions across Ethiopia, has announced a pre-tax profit of Birr 1.42 billion for the 2024/25 fiscal year, marking a 34 percent increase compared to the previous year.
Ethiopian Tourist Trading Enterprise (ETTE) is awarded by Privatization and Public Enterprises Supervising Agency (PPESA) as it secured the highest profit and forex in the previous Fiscal year, according to The Daily Monitor.
