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Ethiopia considers electric tariff adjustment
Spread the NewsEthiopian Petroleum and Energy Authority said that the newly proposed electric tariff adjustment by Ethiopian Electric Utility (EEU) will not be implemented prior to getting a green light from the Authority. Reporter newspaper reported on Sunday that the proposed price adjustment is planned by EEU and it will conduct a survey on it….

Wegagen Bank opens new branch at AU HQs
Spread the NewsWegagen Bank’s Pan African Branch located on the Premises of African Union (AU) has officially been inaugurated by Aklilu Wubet, CEO of Wegagen Bank, Getye Mekuria, Acting Chief Marketing and Strategy Officer and Diallo, Facilities Management Unit Director at African Union Commission. The inauguration held on Monday, February 14, 2022. In his remark,…

Thousands to be deprived of livelihoods if Ethiopia disqualified from AGOA
Spread the NewsMore than 85 thousand factory workers are poised to be at risk of losing their jobs if the United States disqualified Ethiopia from the African Growth and Opportunity Act (AGOA), a trade opportunity for Sub-Saharan countries, according to Sandokan Debebe, CEO of the Industrial Parks Development Corporation (IPDC). “Though there’s no official statement…

Safaricom Ethiopia PLC partners with Ethiopian Electric Utility for aerial fibre cabling
Spread the NewsSafaricom Telecommunications Ethiopia PLC and Ethiopian Electric Utility (EEU) have signed a three-year lease agreement to enable aerial fibre installation through the existing poles infrastructure in Addis Abeba and across the country. As Safaricom continues to build a new network in Ethiopia, investments in infrastructure and strategic partnerships are being prioritized to ensure…

Institute, Bank agree to implement AI-supported technologies
Spread the NewsEthiopian Artificial Intelligence Institute and Oromia Bank agreed Friday to implement Artificial Intelligence (AI) technologies, which enable customers to perform financial transactions and enjoy real-time customer service from their mobile phones. The agreement has been signed between Taye Lemma (PhD), Research and Development Head of the Institute and Teferi Mekonnen, CEO of Oromia…

Bunna Bank rewards hard currency generating customers
Spread the News Bunna Bank has awarded customers who received remittance through its branches. During the award handling over program on Thursday at the Headquarters of the National lottery Administration, Melaku Birhanu, Communication and Promotion Director of the Bank said, “The purpose of the reward is to incentivize those who use formal money transfer system…