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Dulla Mekonnen assumes chairmanship of Dashen Bank
Spread the NewsThe Board of Directors of Dashen Bank has elected Dulla Mekonnen Mosissa as its chairman effective December 21, 2021. Mr. Dulla took over the chairmanship from Neway Beyene, who resigned from the post for personal reasons. The outgoing chairman joined the Board in 2014 and had been in the post since 2018. The…

Ethio telecom launches 4G LTE service in 67 towns, upgrades network in 27 towns
Spread the NewsAs part of phase-III 4G LTE service network expansion strategic plan, Ethio telecom launched 4G LTE services in 67 towns and upgraded 4G LTE network expansions in 27 towns. The 4G LTE service, which started in Addis Abeba two years ago, is now available in 181 towns and cities across Ethiopia. “We are…

Kacha Digital Financial Services S.C. plans to address unbanked population
Spread the NewsBy Yared Nigussie Kacha Digital Financial Services Share Company (S.C.), the first licensed private mobile money service provider by the National Bank of Ethiopia (NBE), envisions providing its financial services to the unbanked Ethiopia’s population. Kacha Digital Financial Services has introduced its services on Thursday at Ethiopian Skylight Hotel after the NBE has…

The Financial System Africa Needs
Spread the NewsBy Vera Songwe Africa’s vast economic potential is no secret. But tapping it will be possible only if major developed countries and emerging economies work together to design a more inclusive and effective global financial system that meets the continent’s liquidity and debt-sustainability needs. ADDIS ABEBA – For African economies that have…

Ethiopian Airlines Group signs proposal with De Havilland Canada for up to Four Dash 8-400 Freighter
Spread the NewsFarnborough, United Kingdom, July 20, 2022 – De Havilland Aircraft of Canada Limited (“De Havilland Canada”) and Ethiopian Airlines Group (“Ethiopian”) announced Wednesday that Ethiopian has signed a proposal for the purchase of two Dash 8-400 Freighter – Large Cargo Door (F-LCD) conversion kits. The proposal provides an option for an additional two…

Tadash Steel Manufacturing PLC inaugurated in Dukem town
Spread the NewsConstructed at a cost of 5.8 billion Birr, Tadash Steel Manufacturing Industry PLC has officially been inaugurated in Dukem town on Saturday. Sprawled over 50,000 Square meters of land, Tadash has a capacity of to melt 450 tons of iron ore in a day. The steel plant has the capacity of manufacturing 600…