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Owner of former Holland car launches Adugenet online auction website
Spread the NewsTadesse Tessema, Engineer by trade and founder and owner of the former Holland Car Assembly Plant has launched Adugenet auctions, a fresh auction website to bid for properties on Thursday. A fresh website can be found at www.adugenetauctions.com and administered by Adugenet Technology Group PLC, is intended to change the auction process by…

France keen scale-up investments in geothermal power generation
Spread the NewsFrench Ambassador to Ethiopia, Rémi Maréchaux said that French companies are working in collaboration with the Ministry of Mines to enhance their engagement in the mining sector in Ethiopia. Ambassador Maréchaux told ENA that French companies have already been engaged in geothermal power generation in Ethiopia. Recalling the recently signed agreement to establish…

Hibret Bank inaugurates its headquarters
Spread the NewsHibret Bank Share Company has inaugurated its new 37-storey headquarters (HQ), which was constructed at a cost of 2.8 billion Birr on Saturday. The HQ which is called “Hibir Tower” is located at Senga Tera financial district. It was inaugurated with the presence of President Sahilework Zewde and Yinager Dessie (PhD), Governor of…

Nyala Insurance launches Diaspora Special product
Spread the NewsIn a view to provide insurance covers to Ethiopian nationals and Ethiopian descent diaspora, who are permanently residing outside of the country, Nyala Insurance S.C. (NISCO) announced that it has launched a new insurance product dubbed “Diaspora Special Assistance”. The new product which is to be realized in collaboration with the world’s largest…

Ministry sets new factory prices for cement
Spread the NewsMinistry of Trade and Regional Integration (MoTRI) has announced Wednesday new factory prices for cement product, which will be effective for three months. Following the decision, MoTRI has regulated that the minimum factory selling price for a quintal of cement to be 510 Birr while the maximum price is 683.44 Birr. “Due to…

Ethiopian investors build first private textile industrial park
Spread the NewsEthiopian investors are constructing the first private textile industrial park in Hawassa town, the regional capital of Sidama Regional State, at a cost of four billion birr, it was learnt. The textile industrial park will have a total of 14 sheds each resting on 11,000 square meters of land. The industrial park will…