The Public Enterprises Holding & Administration Agency reported that 22 public enterprises grossed 29.6 billion Br in profit during the first three quarters of the current fiscal year. Ethio telecom has produced the highest share at 62pc, followed by the Commercial Bank of Ethiopia at 34pc. Ethiopian Shipping & Logistics Services Enterprise accounted for four percent. In addistion seven enterprises generated 58 million dollars in revenue, fulfilling 73pc of their plan, according to Wondafrash Assefa, communication director at the Agency. Ethiopian Development Bank; the Ethiopian Mineral, Petroleum & Biofuel Corporation; the Ethiopian Pulp & Papers S.C; the Ethiopian Metals & Engineering Corporation; Ethiopian Trading Businesses Corporation; and Shebele Transport S.C suffered losses within the reporting period.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
