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Safaricom rolls out telecom infrastructure
Spread the NewsSafaricom Telecommunications Ethiopia PLC, a consortium of telecom giants, has announced on Tuesday that it is building its own telecom infrastructure. It has been negotiating with Ethio Telecom to share telecom infrastructure since September last year. Matthew Harrison-Harvey, Chief External Affairs and Regulatory Officer of Safaricom affirmed during the press conference on Tuesday…
Exporters complain of challenges hampering their performances
Spread the NewsExporters engaged in different businesses have complained of varieties of dilemma’s that are hampering their performances. The exporters have filed their complaints during the panel discussion on “Ethiopian Export Day” held Friday at Ethiopian Skylight Hotel. Ayele Dejene from Modjo Modern Export Abattoir complained that his company didn’t receive more than 80 million…
Dashen Bank, Thunes join hands for cross-border payments
Spread the NewsDashen Bank has officially entered into a partnership with Thunes to facilitate fund transfers across the globe to Ethiopia. The partnership with Thunes, a leading global payments network to facilitate cross-border fund transfers is expected to make it quicker and cheaper to send money to Ethiopia from across the world directly to customers’…
Over 320 manufacturing industries curtailed operations
Spread the NewsMelaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the…
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,…
Ministry, IPDC, Hamen Consultancy sign MoU to enhance Ethiopian industries competitiveness
Spread the NewsMinistry of Trade and Regional Integration (MoTRI), Industrial Parks Development Corporation (IPDC) and Hamen Consultancy signed a Memorandum of Understanding (MoU) in a bid to boost Ethiopia’s industries international competitiveness. The agreement has been signed among Endalew Mekonnen, State Minister of Trade and Regional Integration, Sandokan Debebe, CEO of IPDC and Mengistu Birhanu,…