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Ethio Telecom, CNET Software Technologies launch integrated digital service charge system
Spread the NewsEthio Telecom and CNET software technologies signed an agreement to implement telebirr and CNET integrated payment system that would enable the CNET Software Technologies partners’ to get their customers settle service charges and transactions using telebirr, a mobile money platform. Specifically, the implementation of telebirr & CNET integrated payment system will play crucial…

Gov’t seeks to boost mining sector share in Ethiopia’s GDP
Spread the NewsThe government disclosed that it has a plan to boost mining sector share in the Gross Domestic Product (GDP) of the country. Mining contributes only 1% to the GDP of Ethiopia. “We’ve a plan to increase mining’s sector to 17% in ten years,” Takele Uma (Engineer), Minister of Mines said Thursday while the…

Absence of insurance dev’t policy poses dilemma
Spread the NewsAssociation of Ethiopian Insurers (AEI) said that the absence of insurance development policy, which should have to be prepared by the government, poses a challenge to the growth of the industry. Yared Molla, President of AEI said during the fifth edition of East Africa Finance Summit on Wednesday that an absence of such…

Fuel subsidy registration launched at Ethio Telecom sales centers
Spread the NewsEthio Telecom said that it has launched registration of beneficiaries for fuel subsidy scheme at its sales centers. The scheme was initiated by the government. In a bid to realize the scheme, Ethio Telecom has been working with Ministry of Transport and Logistics. The new scheme is targeted to benefit public transport providers…

ECA predicts commodity markets to remain volatile in Africa
Spread the NewsCommodity markets in Africa are expected to remain volatile in months ahead following the persistence of Covid-19 constrains in the supply chain and other global economic pressures, said Stephen Karingi, Director of Regional Integration and Trade Division at the Economic Commission for Africa (ECA). Karingi was speaking at the ECA Price Watch session…

Ethio Sugar plans to launch trial production in four years
Spread the NewsEthiopia Sugar Manufacturing Industry Share Company announced that it has a plan to launch a trial production after four years. The factory will also start producing and exporting sugar in five years. Bitew Alemu, CEO of Ethio Sugar Manufacturing Industry Share Company said in a press conference Tuesday at Sheraton Addis that once…