BY NEW BUSINESS ETHIOPIA REPORTER
Two private banks in Ethiopia, Awash and NIB International Bank announced this morning (November 20, 2010) 350.8 million birr (21.3 million US dollars at the prevailing exchange rate) and 285.2 million birr net profit before tax, respectively for the fiscal year ended June 2010.
Business
Awash, NIB Make 636 Million Birr Profit
Wegagen Bank Profit Increases 24 percent
BY NEW BUSINESS ETHIOPIA REPORTER
Wegagen Bank Share Company, which recently launched ‘Agar Visa Card’ in Ethiopia, announced 23.6 percent profit growth for the fiscal year 2009/10 (July 8, 2009- July 7, 2010) as compared to the previous year. 
IMF Advices Ethiopia to Continue Tax Reform
BY NEW BUSINESS ETHIOPIA REPORTER
Deputy Managing Director and Acting Chair of Executive Board of the International Monetary Fund (IMF) advised Ethiopia to continue its tax reform. 
Ethiopia, India to Strengthen Economic Ties
BY NEW BUSINESS ETHIOPIA REPORTER
Ethiopian Prime Minister, Meles Zenawi held a bilateral meeting with Indian Prime Minister, Dr. Manmohan Singh, and discussed on further strengthening the ever-growing economic relationship between the two countries. 
New African Business Matchmaking Platform Goes Live
BY NEW BUSINESS ETHIOPIA REPORTER
Venture Capital for Africa (VC4Africa) a private company established by Dutch, USA and African entrepreneurs launched this week the first African online venture capital matchmaking platform.
Page 55 of 73
