FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


STREET ART

A local artist in Gofa Gabriel has put paint to wall to portray famous world and local personalities.

STREET ART

A local artist in Gofa Gabriel has put paint to wall to portray famous world and local personalities. His work ranges from a portrait of Marxist revolutionary Che Guevera and musicians Bob Marley and Micheal Jackson to comedian Charlie Chaplin and Ethiopian emperors and heads of government.

Radar

Warehouse Receipt Financing Secures 117 million Br Loans in 3 Months

The Ethiopian Commodity Exchange announced that 117 million Br in loans were accessed through warehouse receipt financing in the past three months. Since last year ECX has facilitated warehouse receipt financing with selected banks which allows farmers, traders, and agri-processors to use stored agricultural commodities as collateral to obtain loans. With technical support from the International Finance Corporation (IFC), the system helps reduce post-harvest losses and improves access to fina...

Read more >>

Radar

Berhan Bank's Profit Jump, Foreign Exchange Revenues Slide

Berhan Bank has reported a noteworthy 103.4pc increase in net profits, reaching 1.18 billion Br. It was accompanied by a 20.8pc return on equity and a 124pc surge in earnings per share (EPS), which climbed to 350 Br. However, the Bank's foreign exchange earnings declined by 4.9pc, totalling 139.8 million dollars, with remittances contributing 93pc and exports 5.6pc. Executives attributed the drop to a tightening in foreign exchange availability from key sources. They plan to focus on enhancin...

Read more >>

Radar

Dashen Bank Profits Surge Amid Economic Headwinds

Shareholders of Dashen Bank left their annual general assembly content, as their Bank netted 4.9 billion Br. Despite a two percent decline in earnings per share, now at 433 Br, the profit increased by 37pc from last year. Board Chairman Dulla Mekonnen noted the Bank's expansion in its ATM and POS terminal network, which contributed to increased forex and revenue generation in the wake of the local economic climate, including high inflation, internal conflicts, and supply chain disruptions. He...

Read more >>

Back
WhatsApp
Telegram
Email