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Unilever keen to invest Ethiopia’s food processing sector
Spread the NewsUnilever Global announced that it has a plan to invest in Ethiopia’s food processing sector. Douglas Brew, Head of External Affairs, Communications and Sustainability for Africa at Unilever discussed regarding food processing investment plan with Teferi Melese, Ethiopia’s Ambassador to the United Kindom (UK) on Thursday. Ambassador Teferi told Mr. Brew that the…

Gov’t lost 4.5 bln Birr to cigarette smuggling, says enterprise
Spread the NewsThe National Tobacco Enterprise (NTE), member of Japan Tobacco International group of Companies, said that the government has lost 4.5 billion Birr due to cigarette smuggling in 2020/21 Ethiopian fiscal year. “NTE paid 2.5 billion Birr tax to government last year. However, the government has lost 4.5 billion Birr due to cigarette smuggling,”…

Enat Bank, Hybrid Designs agree on provision of loans to drivers
Spread the NewsEnat Bank Share Company and Hybrid Designs—RIDE, a taxi hailing firm, agreed Friday on the provision of loans to Ride drivers. In a strategic agreement program held at Hyatt Regency Hotel, the companies agreed on three types of loans to RIDE drivers. The first Enat Vision consists of loans to purchase new vehicles….

Interest free finance, economy summit kicks off
Spread the NewsOrganized by Halal Promotion PLC, Interest-Free Finance and Economy Summit has been kicked off Thursday at Sheraton Addis Hotel. Ahmed Shide, Minister of Finance, Solomon Desta, Vice Governor of the National Bank of Ethiopia (NBE) for Financial Institutions Supervision, Mohammed Endris (PhD), Director General of Ethiopian Diaspora Service (EDS), Ambassador Birtukan Ayano, State…

eTech moves to digitalize health services
Spread the NewsIn a bid to digitalize the health facilities in Ethiopia, eTech, a local company that provides complete ICT solutions and is supported by Ethiopian technologists from around the globe, has introduced new platform dubbed eHealth. The company has developed a new application dubbed eHealth with the aim of fully digitalizing the way of…

Wallin Beer joins market
Spread the NewsUnited Beverages PLC, which is administered under Kangaroo Industrial Group, has unveiled its brand new beer named Waliin. Waliin is an Oromiffa word translated us “togetherness”. The company, which started its operations 3 years ago in Modjo town with a capital of over €88 million, has now launched the new Waliin Beer – a premium lager beer. Teresa Urgessa, Acting General Manager of…