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KEFI Gold, Copper resumes development of Tulu Kapi gold project in Ethiopia
Spread the NewsLondon based mining company, KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said development of the Tulu Kapi gold project in Ethiopia has restarted after being postponed for five months on security concerns. The security situation has remained stable at both the site and the preferred transport routes over the past two months, the…

Ministry partners with GAVI, Mastercard, JSI to implement Wellness Pass digital health records system
Spread the NewsMinistry of Health (MoH), Mastercard, GAVI, The Vaccine Alliance, and JSI announced Friday their partnership to implement the MasterCard Wellness Pass Digital Health Record System. The partnership agreement has been signed among MoH and representatives of the companies at the Headquarters of the Ministry. The digital system will enable to maximize the efficiency…

Local banks, experts wary of foreign banks entry
Spread the NewsBy Yared Nigussie Foreign banks entry to Ethiopia began during his imperial majesty Hailesilassie I regime. During the Italian invasion of Ethiopia in 1935, the Italians established branches of their main Banks namely Banca d’Italia, Banco di Roma, Banco di Napoli and Banca Nazionale del lavoro and started operation in the main towns…

Expert advises using solvency tool to combat price wars in insurance industry
Spread the NewsA finance expert advised implementation of solvency tools to combat the price wars among insurance companies in Ethiopia. The concept of solvency is about the ability for an insurance company to meet its long term obligations. The minimum amount of eligible own funds that a company must have in order to be able…

TotalEnergies launches this year Startupper challenge
Spread the NewsTotalEnergies has announced that it has launched the third edition of the Startupper of the year challenge on Tuesday. For this edition, the Startupper of the Year Challenge by TotalEnergies is poised to support and reward young local entrepreneurs between ages of 18 and 35, who either have a business creation project or…

Derba Cement to build second plant
Spread the NewsBy Kaleyesus Bekele Derba Cement is going to build second cement manufacturing plant at a cost of 300 million dollars. The company has selected the Chinese construction company, Sinoma International Engineering to build the new line. CEO of Derba Cemenet Haile Assegidie and Han Xuefeng, Regional Marketing Director, Sinoma International Engineering, signed the…