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.
The Ethiopian Tourism Trading Enterprise (ETTE) is to construct new duty-free mall near Bole International Airport to expand its duty-free retail business, Capital reported.
Etur Textile, the Turkish textile manufacturer, is going to start exporting its products to Europe and America after its trial export to the two North African nations, Algeria and Morocco, went successful.
Ethiopian Ministry of Culture & Tourism secured a US$200,000 fund from the European Union to assist the establishment of the Ethiopian Tourism Enterprise and Tourism Transformation Council.
The financing will be used to hire consultants to study the design and organizational structure of the two entities, Fortune reported.
