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...
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...
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...
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....
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...
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...
