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Institutions told selling scrap metals, used vehicles to steel producers
Spread the NewsMinistry of Mines (MoM) and the federal Public Procurement and Property Authority jointly called on governmental and private institutions for vending of scrap metals, used vehicles and machineries to steel producers through legal channel. The Authority and Ministry held a joint presser on Friday at the headquarters of MoM. The two agencies called…

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….

New multimillion CBE headquarters to be inaugurated next week
Spread the NewsThe newly built headquarters of the Commercial Bank of Ethiopia (CBE) is to be inaugurated next week. The construction of the new HQ has been going on in the last six years. Built at a cost of over a quarter of a billion dollars, the country’s tallest building is completed. Sprawled on 150,000…

Hibret Bank inaugurates its headquarters
Spread the NewsHibret Bank Share Company has inaugurated its new 37-storey headquarters (HQ), which was constructed at a cost of 2.8 billion Birr on Saturday. The HQ which is called “Hibir Tower” is located at Senga Tera financial district. It was inaugurated with the presence of President Sahilework Zewde and Yinager Dessie (PhD), Governor of…

Ethiopian, Boeing sign MoU for B787 landing gear exchange at Dubai Air Show
Spread the NewsEthiopian Airlines has signed a Memorandum of Understanding (MoU) with Boeing that will help the airline to bring cost savings to its maintenance operations with Boeing’s 787 landing gear exchange program at the ongoing Dubai Air Show. “As the fastest growing airline in Africa, much of our success depends on our ability to…

Ethio telecom sign agreement with five virtual internet service providers
Spread the NewsEthio Telecom signed a three-year contractual agreement with five Virtual Internet Service Provider (VISP) partners on Monday. The five partners are WebSprix IT Solutions PLC, Vivatech Trading PLC, Zergaw Internet Service Provider, Skynet IT Solution PLC and Dulle Business Group. Based on the contractual agreement, Ethio Telecom new partners will exclusively provide fixed…