staff writer

Ethio telecom pays one billion birr in dividend to the federal government during the last fiscal year. The state-giant has earned 56.5 billion revenues in the same period, 101 percent of its target and 18 percent up from the preceding financial year. With 56.2 million customers, the company reported an impressive results as it prepares […]

External lenders extend the repayment period of half a million dollar debt for Ethiopia during the just-ended fiscal year, according to the Ministry of Finance. The relief has been made based on the debt service suspension initiative, which was launched last year by the G20 countries in the aftermath of the coronavirus to contain the

Ethiopia plans to secure one billion dollars from coffee as a drought-hit Brazil faces a fall in production, causing the cost of arabica coffee beans to hit its highest level since 2016. Over 900 million dollars of coffee was exported in the last fiscal year. Though the volume saw a slight decline, the proceed earned

Awash Bank grosses unaudited profit of 5.5 billion Birr in the just-ended fiscal year, enabling it remain the most profitable private financial institution in Ethiopia. The 26-year old bank posted a 46 percent increase in its gross profit, while its outstanding deposit surpassed 100 billion Birr, becoming the first private bank to reach at this