Local investors and representatives of businesses have paid a visit to Bole Lemi and Kilinto industrial parks in Addis Abeba.
Officials at the Industrial Parks Development Cooperation (IPDC) briefed the incentives and opportunities provided to local investors.
IPDC officials further explained the performances of the industries during the visit. Supporting schemes to the industries were also briefly discussed with the investors.
Spread the NewsPurpose Black has opened its new agri products retail and wholesale shop on Saturday. Launched in May 2020 through a collaborative effort of more than 130 Black experts, Purpose Black has been enabling farmers to directly sell their produce to cash and carry retailers. The fresh shop has started operations in Senga Tera,…
Spread the NewsThe National Bank of Ethiopia has licensed ArifPay, a fintech company that makes digital payment services. The company is based in Addis Abeba. Founded on February 2021 by Habtamu Tadesse, a founder of Zay Ride, a ride-hailing platform in Ethiopia, ArifPay is a mobile point of sale system which will allow ATM cardholders…
Spread the NewsEstablished with an aim of providing value chains by easing supply shortages of fruits and vegetables trade activities in Oromia region, “Oro Fresh” has launched providing service on Thursday. “Oro Fresh” is a mechanism set up to sole the supply-side process and to cut long-value chains. Girma Amentie, Resource Administration Cluster with the portfolio of…
Spread the NewsSeife Desta, National Bank of Ethiopia (NBE) former Banking and Foreign Currency Directorate Director urged the government on Friday to implement a research-based foreign currency exchange rate regime, which will be executed by considering the situation on the ground. Currently, Ethiopia is implementing a managed floating foreign currency exchange system. …
Spread the NewsAccording to a report— a compilation of the most valuable brands by market capitalization – by analysts at AfricanFinancials Group, Safaricom is the most valuable brand in East Africa and Mauritius, with a market capitalization of $15.4 billion. Safaricom’s shares have soared following its announcement of securing a telecommunications license to operate in…
Spread the NewsBank of Abyssinia (BoA) signed a contract with China State Construction and Engineering Corporation (CSCEC) for the construction of its new headquarters. The agreement was signed on Thursday at Hyatt Regency Hotel. BoA future headquarters buildings project is like a vertical city that fully meets the demands of all functions and gives visitors…
