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Tena oil expands Dukem’s plant, creates more than 500 new jobs
Spread the News54 Capital, a conglomerate producing the most popular edible oil “Tena Oil” has announced a major expansion in its production plant at Dukem Town. The fresh facility increases the company’s production by 130 percent and creates more than 500 new jobs, a statement Origins Business availed from the company. The total expansion of…
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…
Awash Bank bags net profit of 3.39 bln Birr
Spread the NewsAwash Bank, among the most profitable private banks in Ethiopia has reported a record high net profit of 3.39 billion Birr during the financial year of 2020/21 that was concluded in July 2021. The profit before tax was 4.8 billion Birr. The profit was not only a record high in the history of…
Ethiopian celebrates B 767 passenger to cargo conversion
Spread the NewsEthiopian Maintenance, Repair and Overhaul (MRO) celebrates a milestone on B 767 passenger to cargo conversion as the first conversion site in Africa, in collaboration with Israel Aerospace Industries (IAI) in the presence of His Excellency Ambassador Aleligne Admasu, Ambassador of Israel to Ethiopia, Mr. Mesfin Tasew, Ethiopian Group CEO and other honorable…
Gov’t to import 40 mln liter of edible oil
Spread the NewsIn a bid to solve the current edible oil supply shortage and prevent high price increment of oil, the government has planned to import 40 million liter of edible oil. Starting from last week high price increment was observed on the price of edible oil. For instance 5 liter of oil price soared…
Zemen : A Bank Blossoming Through Challenges
Spread the NewsZemen Bank Share Company is all about giving customers choices and convenience. For Zemen, banking is not limited to just branches and it sees it as “something customers do, not somewhere they go.” The Company abides strictly by the laws and regulations of the jurisdiction where it operates, and observes the guidelines and rules…