Postal Service Continues Bounce Back with 75m Br Profits

March 12 , 2022

The Ethiopian Postal Services Enterprise has announced profits of 74.8 million Br over the first half of the financial year. The figure is 20 million Br higher than what its executives had targeted. Revenues over the reporting period registered at 351 million Br, 10pc higher than the forecast. The state-owned enterprise introduced staggering price hikes late last year, increasing annual box rental fees by as much as 600pc. The adjustment was the first in 11 years. The 128-year old state-run postal service provider offers 124,000 boxes at its offices. It has recorded decent performances over the past year-and-a-half, bouncing back from a 34.4 million loss in 2019/20. It employs 2,400 people.


Recyclable Cash

These types of scenes can be seen around the city. People collect different types of plastic materials to sell them in return for recyclers. Water bottles make up the majority of the recyclable plastics, while many homeless people engage in the collection of the materials. ...


Young Care

Sahlemariam Abebe (right), national director for SOS Children's Villages in Ethiopia, spoke at the launching project for a new program by the aid agency on September 20, 2022, at the Ethiopian Skylight Hotel. The programme targets young people that have graduated from care such as foster homes and small group homes but are at risk of facing discrimination...


Feeding on Road

In the middle of a recently constructed highway in Qera, on Alexander Pushkin Street, a donkey is grazing on grass on the road separator. It shares the infrastructure with pedestrians and vehicles as the transportation of goods has not fully matured in Ethiopia, not even in the capital...