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Hello Cash in Somali region upgrades into Shabelle Bank
Spread the NewsHello Cash financial services, microfinance services provider in Somali region, has upgraded itself into Shabelle Bank. The newly re-branded bank will provide interest free bank services under the brand name Shabelle Bank. The announcement has been officially announced on Sunday in Jijjiga City Somali region with the presence of Mustafa Mohammed, Chief Administrator…

IFC signals interest to provide support Ethiopia in priority sectors
Spread the News The International Finance Corporation (IFC) has signaled its interest to partner with the Ethiopian government in investment projects of priority sectors. Ethiopian Investment Commission (EIC) management discussed with IFC Ethiopia Country director Cheick-Oumar Sylla at the headquarters of the EIC. EIC and IFC leaders agreed to strengthen ongoing collaborative works in the…

Phibela plans to supply 7 mln liters of edible oil for Easter, Eid-Al-Fitr
Spread the NewsPhibela Edible Oil Factory announced that it is preparing to supply 7 million liters of oil for the upcoming Easter and Eid-Al-Fitr holidays. Setegn Engidaw, Communication Director of Belayneh Kindie Group, was quoted by Walta Media and Communication Corporate as saying that, “Phibela is in preparatory stages to supply 10 and 15 liters…

Awash insurance collects premium of over 1.28 bln Birr
Spread the NewsAwash Insurance Company S.C said Saturday that it has collected a premium of over 1.28 billion Birr in 2020/21 budget year. The company has collected over 962.2 million Birr premium from the general insurance services, which registered a 23 percent growth from the previous year. Awash Insurance had also received 332.6 million Birr…

Addis Chamber enhances discharging its corporal social responsibility
Spread the NewsAddis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) said it has increasing discharging corporate social responsibility and it is working to rehabilitate the damaged areas due to the war in the northern part of the country. AACCSA has been supported people who are displaced due to the war in northern Ethiopia and…

Tewodros Ashenafi Foundation backs schools construction in North Shewa
Spread the NewsBuilt and donated by Tewodros Ashenafi Foundation, a Kindergarten School has been inaugurated in North Shewa, Deneba town at Siyadebir and Waeyu District at a cost of 3.6 million Birr. The support also incorporated construction of a religious school for Mahibere Melekot Debretsion Ba’ata Unity Monastery found at Deneba town. Both schools are situated 135 km away from the capital Addis Abeba. The KG school has…