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INDUSTRIAL DELIBERATION

(From right) Melaku Alebele and Teka G.Eyesus, minister and state minister at Trade & Industry, and Tefera Wendemagenehu, Industry & Investment Bureau head of the Amhara Regional State

INDUSTRIAL DELIBERATION

(From right) Melaku Alebele and Teka G.Eyesus, minister and state minister at Trade & Industry, and Tefera Wendemagenehu, Industry & Investment Bureau head of the Amhara Regional State, chat following a consultative meeting held at Hyatt Regency on August 7, 2020. Organised by the Federal Small & Medium Manufacturing Industries Development Steering Committee, the discussion centred on the development and collaborative challenges and opportunities of the manufacturing sector. It was held at a time when 330,000 jobs were lost due to COVID-19, according to the Jobs Creation Commission.

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Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...

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$100m Project Mulls Public Transportation Make-Over

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Safaricom Soars with 6.1 million Customers

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