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Dashen Bank gross profit grew by 8.3 percent

Dashen Bank HQPhoto : SM borkena December 5,2018 Dashen Bank has amassed over 1.14 billion birr gross profit in the past financial year which is an increase of 8.3 percent. The growth on the profit before tax has stood at 8.3 percent compared with a year ago. Despite political instability and shortage of hard currency […]

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Berhan Bank raised its paid-up capital to Birr 1.7 billion in FY 2017/18, a 20 percent increase

ADDIS ABABA (Berhan Bank S.C.)–Berhan Bank has conducted its 9th Ordinary Annual Shareholders’ Assembly on 10th November 2018 at the Millennium Hall in Addis Ababa. The Bank’s Board Chairman, Ato Gumachew Kussie  disclosed that the Bank has ended the year 2017/18 heralding glorious results in major areas of its operations proving to be one of the […]

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IMF foresees 8.5 percent economic growth for Ethiopia this fiscal year

borkena September 27,2018 International Monetary Fund (IMF) forecasts 8.5 % economic growth for Ethiopia this fiscal year. The multilateral financial institution says economic reforms introduced by Prime Minister Abiy Ahmed’s administration have stimulated the economy. End of the conflict with Eritrea followed by normalization of relations, opening of government-owned enterprises for the private sector and […]

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Ministry eyeing to employ 80 percent of university graduates

Inadequate English language proficiency and limited exposure about future carriers have been identified by the Ministry of Education as the major challenges facing university graduates. ADDIS ABABA (The Ethiopian Herald)–Ministry of Education stated that it has been working to attain the vision of securing employment for 80 percent of university graduates by 2020. The Ministry’s […]

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Landslide Victory: Vladimir Putin wins Russian presidential election over 73 percent of the votes

Russian President Vladimir Putin has won a landslide re-election victory for a fourth term of office after securing 73.9 percent of the votes. President Putin had been predicted to win the election, which he contested along with seven other candidates. However, opposition leader Alexei Navalny was barred from running. Reuters reported Russia’s Central Election Commission recognized there were some irregularities, but not […]

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Draft bill to allot 30 percent tourism revenue for community development

Meaza Gebre-Medhin The Ministry of Culture and Tourism (MoCT) is drafting a new law which looks to benefit communities settled around tourist destinations by allocating some

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