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Ethiopia assigns UNOPS to implement $300 mln recovery program in Tigray
Spread the News Ministry of Finance (MoF) announced Tuesday that the government has assigned the United Nations Office for Project Services (UNOPS) to implement the World Bank-funded recovery program in Tigray region. The government signs a Third-Party Implementation Agreement with the UNOPA for the implementation of the program, according to a statement from MoF. The…

Corporation gets new CEO
Spread the NewsPrime Minister Abiy Ahmed (PhD) has appointed Aklilu Tadesse as new CEO of the Industrial Parks Development Corporation (IPDC), effective October 18, 2022. Aklilu replaced the outgoing CEO Sandokan Debebe, who has been appointed as State Minister of Planning and Development. Aklilu has a background in the field of Law (LLB). He has…

Enterprise garners 386.7 mln Birr in six months
Spread the NewsThe Ethiopian Postal Services Enterprise (EPSE) has garnered 386.7 million Birr in six months of this fiscal year. The performance was 110% of its initial plan of 351.1 million Birr. EPSE’s six months performance appraisal has conducted by Habtamu Hailemichael, Director General of the Public Enterprises Holding and Administration Agency. Improvement of postal…

Addis Chamber’s 16th annual general meeting underway
Spread the NewsThe 16th Annual General Meeting of Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA) is underway today at Inter Luxury Hotel. Annual performance reports of 2019/20, 2020/21 and 2021/22 have been presented by an independent auditor. The reports reviewed Auditor’s financial statements of the Chamber. At the end of the Annual General…

Beles Sugar Factory launches operations
Spread the NewsBeles Sugar Factory, which is located at Jawi Wereda in Amhara region, has officially started its production on Thursday. The factory launched its production in the presence of Anteneh Asigie, General Manager of the factory and other management staffs as well as officials of Fendika town. The factory has a capacity of producing…

Ethio Telecom awaits policy amendment to expand digital financial services
Spread the NewsEthio Telecom said Wednesday that it is waiting for policy amendment in a bid to expand its digital financial services. In May last year, the telecom giant launched telebirr, a mobile money service. Through telebirr, customers are topping up their airtime, buy internet packages, paying traffic penalties, as well as electricity and water…