Nib Buzzes With Highest Growth in Six Years

[Addis Fortune] Nib International Bank (NIB)- one of the mid-sized banks- posted a solid earnings’ report for the past fiscal year declaring the highest growth in profit and shareholders’ returns in six years.

[Addis Fortune] Nib International Bank (NIB)- one of the mid-sized banks- posted a solid earnings' report for the past fiscal year declaring the highest growth in profit and shareholders' returns in six years.

source: AllAfrica News: Ethiopia

Transport Min. Witnesses Inking of MOUs On Developing 3 Red Sea Ports

[Egypt Online] Minister of Transport Hisham Arafat witnessed the inking of memorandums of understanding with the China Road and Bridge Corporation (CRBC) for the development of some Red Sea ports.

[Egypt Online] Minister of Transport Hisham Arafat witnessed the inking of memorandums of understanding with the China Road and Bridge Corporation (CRBC) for the development of some Red Sea ports.

source: AllAfrica News: Egypt

Banks Drive Lending Rate to an All-Time High

[Addis Fortune] Amidst fear over the bulge in post-devaluation inflationary pressure, the lending rate across the banking industry has reached its peak in the financial history of the country, hitting as high as 20pc.

[Addis Fortune] Amidst fear over the bulge in post-devaluation inflationary pressure, the lending rate across the banking industry has reached its peak in the financial history of the country, hitting as high as 20pc.

source: AllAfrica News: Ethiopia

China Donates 30 New Buses to the National Transport Corporation

[Government of Mauritius] The donation of 30 new buses by the Government of the People’s Republic of China is another testimony of the strong bilateral relations between Mauritius and China. The existing cooperation between the two countries will be fu…

[Government of Mauritius] The donation of 30 new buses by the Government of the People's Republic of China is another testimony of the strong bilateral relations between Mauritius and China. The existing cooperation between the two countries will be further strengthened with forthcoming major infrastructural projects.

source: AllAfrica News: Mauritius

Ethiopia Makes U.S.$16 Million in Five Months From Metal, Engineering

[Addis Fortune] Ethiopia has collected 16 million dollars in five months from the export of metal, electronics and other engineering materials, achieving 55pc of its target.

[Addis Fortune] Ethiopia has collected 16 million dollars in five months from the export of metal, electronics and other engineering materials, achieving 55pc of its target.

source: AllAfrica News: Ethiopia

The Imminent New Year

[Addis Fortune] New Year of the Western world is around the corner, signalling that Gena, Ethiopia’s version of Christmas, is not far behind. But holidays, though merry everywhere, are celebrated far more differently here in Addis Abeba and Europe. Bot…

[Addis Fortune] New Year of the Western world is around the corner, signalling that Gena, Ethiopia's version of Christmas, is not far behind. But holidays, though merry everywhere, are celebrated far more differently here in Addis Abeba and Europe. Both will see a shopping spike, but of mostly different items. And while it will be warm in the capital of Ethiopia, most Western countries will experience negative temperatures.

source: AllAfrica News: Ethiopia

Companies’ Investment Volume to Increase Energy Storage Capacity Is Nearly 2.2 Billion Dirhams in 2017-2021 (Minister)

[MAP] Rabat -The investment volume of companies for the increase of energy storage capacity is around 2.2 billion dirhams between 2017 and 2021, said, Monday in Rabat, minister of Energy, Mining and Sustainable Development, Aziz Rebbah.

[MAP] Rabat -The investment volume of companies for the increase of energy storage capacity is around 2.2 billion dirhams between 2017 and 2021, said, Monday in Rabat, minister of Energy, Mining and Sustainable Development, Aziz Rebbah.

source: AllAfrica News: Morocco

Long Overdue Quarantines Make Way in Ethiopia

[Addis Fortune] The long-awaited five quarantine stations for the prevention and spreading of livestock diseases and to conduct diagnostic tests will soon become fully operational. The five centres cost the nation 229 million Br.

[Addis Fortune] The long-awaited five quarantine stations for the prevention and spreading of livestock diseases and to conduct diagnostic tests will soon become fully operational. The five centres cost the nation 229 million Br.

source: AllAfrica News: Ethiopia

UN Chief Calls for Make Migration Safer in World On the Move

[MAP] New York -On International Migrants Day, the United Nations is appealing for cooperation in managing migration to ensure that its benefits are most widely distributed, and that human rights of all concerned are protected – as recognized by the 20…

[MAP] New York -On International Migrants Day, the United Nations is appealing for cooperation in managing migration to ensure that its benefits are most widely distributed, and that human rights of all concerned are protected - as recognized by the 2030 Agenda for Sustainable Development.

source: AllAfrica News: Morocco

Sesame Sales Lead Commodity Exchange

[Addis Fortune] Sesame, one of the cash crops of the nation, registered the highest sales among the products traded by Ethiopian Commodity Exchange (ECX) in the last thirty days. In October 2017, coffee dominated the floor in terms of volume and value.

[Addis Fortune] Sesame, one of the cash crops of the nation, registered the highest sales among the products traded by Ethiopian Commodity Exchange (ECX) in the last thirty days. In October 2017, coffee dominated the floor in terms of volume and value.

source: AllAfrica News: Ethiopia