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Ethio Telecom discounts 51% service rate for homecoming diaspora
Spread the NewsEthiopia Telecom announced that it has discounted a 51% rate on its services for the home coming Ethiopian diaspora. Preparatory activities to welcome the diaspora are in progress. Hotels and transport service providers are working in a special manner to host the Diaspora, including 30 percent discount for them. Prime Minister Abiy Ahmed…

EEP, Safaricom Ethiopia sign dark fiber-optic leasing agreement
Spread the NewsThe Ethiopian Electric Power (EEP) and Safaricom Ethiopia Telecommunications PLC signed a five-year lease agreement to share dark fiber-optic on Thursday. The agreement was signed between Asheber Balcha, CEO of the Ethiopia Electric Power and Anwar Soussa, CEO of Safaricom Ethiopia Telecommunications PLC. The first phase of the agreement includes Safaricom Ethiopia leasing…

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 provides 300,000 Birr to Nehemiah Autism Center
Spread the NewsNyala Insurance S.C. (NISCO) has donated 300,000 Birr to Nehemiah Autism Center, a non-profit organization established in 2011 to provide care, education, and support for autistic children and related disabilities. Upon delivering the support, Yared Mola, CEO of Nyala Insurance S.C., said that NISCO greatly appreciates all the efforts so far exerted by…

YMG & Habesha Gold mining continue investing in Ethiopia
Spread the NewsYMG and Habesha Gold Mining companies, which is owned by Israeli investors, held a discussion with Lelise Neme, Ethiopian Investment Commissioner and Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commission (EIC), respectively, updated them about the progress of their investment and promised to promote the investment to other peer Israeli investors.

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22
Spread the NewsGoh Mortgage Bank Share Company, the first mortgage financial firm, has planned to disburse a loan amounting 1 billion Birr in 2021/22 fiscal year. The bank has set a goal to collect 1.3 billion Birr saving in the fiscal year. Goh Mortgage Bank also sees opening 60 branches across Ethiopia in five years,…