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CBE achieves its highest annual revenue in its history

CBE achieves its highest annual revenue in its history

by AllureAdmin | Sep 14, 2022 | Business, News

The state-owned Commercial Bank of Ethiopia (CBE) surpassed the ETB 100 billion revenue threshold in the fiscal years 2021–22, setting the highest annual revenue in the bank’s history, according to a publication by Ethiopian Investment Holdings (EIH). In...
Zay Ride and Garri Logistics Selected for Startups Black Founders Fund

Zay Ride and Garri Logistics Selected for Startups Black Founders Fund

by AllureAdmin | Sep 14, 2022 | African News, Business, News

Zay Ride, a ride-hailing company, and Garri Logistics, a digital freight brokerage company, are among the 60 start-ups selected for the Startups Black Founders Fund for Africa. Zay Ride and Garri Logistics, founders, will be part of the Startups Black Founders Fund...
Kunle Awosika becomes Managing Director of Microsoft’s Africa Transformation Office (ATO).

Kunle Awosika becomes Managing Director of Microsoft’s Africa Transformation Office (ATO).

by AllureAdmin | Sep 13, 2022 | African News, Business, Tech

Nigeria’s Kunle Awosika becomes Managing Director of Microsoft Africa Transformation Office(ATO). Kunle Awosika takes the place of Wael Elkabbany, who stepped into a new role at the African Regional Cluster. He has over twenty-two years of experience working in...
Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

by AllureAdmin | Apr 19, 2022 | Business

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports. POSCO is involved in exports, imports, triangular trade, and domestic sales of steel products and is one of the largest steel manufacturers globally....
Yirgalem Integrated Agro-Industrial Park (IAIP) earns over 4.4 million USD in avocado oil exports.

Yirgalem Integrated Agro-Industrial Park (IAIP) earns over 4.4 million USD in avocado oil exports.

by AllureAdmin | Apr 15, 2022 | Business

Yirgalem Integrated Agro-Industrial Park (IAIP) earns over 4.4 million USD in avocado oil exports. The IAIP has 11 sheds & produces avocado oil, honey, milk, coffee, and more, capable of serving over 150 companies. YBM & Sunvado are the two avocado oil...
The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans.

The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans.

by AllureAdmin | Apr 12, 2022 | Business

The Development Bank of Ethiopia plans to lend up to 19 billion ETB in interest-free loans based on Sharia law to launch in July 2022. DBE set up a new specialized interest-free banking department to create guidelines to achieve this. DBE intends to loan the 19...
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Recent Posts

  • Rosa Okeke wins the James Currey Prize for African Literature September 14, 2022
  • CBE achieves its highest annual revenue in its history September 14, 2022
  • Scientists discover Africa’s oldest dinosaurs in Zimbabwe September 14, 2022
  • Scientists discover a long-extinct species in Ethiopia the size of a modern lion. September 14, 2022
  • Prof. Eric Yirenkyi Danquah Wins 2022 Africa Food Prize September 14, 2022

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