Zemen Made 263.8 Million Birr Net Profit

Zemen Bank SC, one of the private banks in Ethiopia, disclosed it has registered a net profit 263.8 million Birr in the last fiscal year. This is a 30.5... Read more »

Ethiopia to Raise 1.5 Billion Birr for GERD

October 12, 2017 – The Ethiopian government announced plans to raise 1.5 billion Birr in the current Ethiopian fiscal year for the construction of the Grand Ethiopian Renaissance Dam (GERD),... Read more »

Privatization Brought 12.6 Billion Birr

Ministry of Public Enterprises (MoPE) made 10 times more than what it had targeted for the just ended fiscal year. The performance was the highest Ethiopia ever saw. The... Read more »

Ethiopia Constructing Its First Ever Pharmaceutical Industrial Park

July 15, 2017 – Ethiopia’s first ever pharmaceutical industrial park is expected to be completed in eight months of time. The park, which is under construction around Kilenito area,... Read more »

Ethiopia: Mental Health Care Within Reach – AllAfrica.com

By Henok Tibebu To any person with mental illness, unable to get affection from their closer circles inflicts much pain than the illness itself. According to information from Amanuel... Read more »

Ethiopia: Internal Capacity to Mitigate Natural Disaster Growing – AllAfrica.com

By Mengisteab Teshome The UN Secretary General Ban Ki-moon visited drought affected areas in Arsi Zone of Oromia State during his stay for the AU Summit held last February... Read more »

Ethiopia inflation drops to 25.5 pct in May

ADDIS ABABA (Reuters) – Ethiopia’s annual inflation rate fell for the third straight month in May to 25.5 percent from 29.8 percent in the previous month, thanks to a... Read more »

Ethiopia Can Get $7.6 Billion by Selling Ethiopian Airlines and 4 More Companies

(Bloomberg)  Ethiopia’s government would raise 132 billion birr ($7.6 billion) if it sold the country’s five biggest state-owned companies to private investors, Access Capital SC said. The sale of... Read more »

New $200 birr note, Ethiopian National Bank is studying to print

Ethiopian National Bank (NBC) is considering to print a $200 birr note according to a report. Sources that are close to the matter told to the Amharic news website... Read more »

 Food prices push Ethiopia inflation  to 39 pct

* July food costs up 47.4 pct yr/yr * Alcohol and tobacco, transport also climb ( ADDIS ABABA Aug 8 (Reuters) – Consumer prices in Ethiopia jumped 39.2 percent... Read more »