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Institute, Bank agree to implement AI-supported technologies
Spread the NewsEthiopian Artificial Intelligence Institute and Oromia Bank agreed Friday to implement Artificial Intelligence (AI) technologies, which enable customers to perform financial transactions and enjoy real-time customer service from their mobile phones. The agreement has been signed between Taye Lemma (PhD), Research and Development Head of the Institute and Teferi Mekonnen, CEO of Oromia…

Dashen Brewery inaugurates expansion project in Gonder
Spread the NewsDashen Brewery Factory Share Company has inaugurated its expansion project in Gonder city on Saturday. The expansion project consumed 1.6 billion Birr and it will boost the capacity of the plant to producing 4.2 Hectoliter of beer from 2.8 Hectoliter of beer in a year. Yilikal Kefale (PhD), President of Amhara Region was…

ECX trades 4.4 bln Birr worth commodities in three months
Spread the NewsThe Ethiopian Commodity Exchange (ECX) said it has traded 4.4-billion-birr worth of agricultural products in the first quarter of the current Ethiopia budget year. The total traded 51,640 metric tons of agricultural products in the first quarter of 2014 Ethiopian fiscal year includes: Coffee: 17,690 tons Sesame: 15,445 tons White beans: 3,024 tons…

Over two dozen Ethiopian business delegates to participate on EIMA exhibition
Spread the NewsTwenty-five Ethiopian business delegates, who are working on agri-technologies and related businesses, will participate in the upcoming International Agricultural and Gardening Machinery Exhibition (EIMA), the Italian Trade Agency (ITA) disclosed on Monday. The international exhibition, which is slated for November 9 to 13, will be held in Bologna, Italy, organized by FederUnacoma —…

Tulu Moye Geothermal sign over $100 mln contract with Mitsubishi, SEPCOIII
Spread the NewsTulu Moye Geothermal Operations (TMGO) has signed a contract with consortium of Mitsubishi Corporation and SEPCOIII Electric Power Co. Ltd. to develop energy from geothermal energy in Assela, Eteya, Oromiya on Wednesday. The agreement has a cost of over $100 million. TMGO is one of the first Power Purchasing Agreements (PPA) in Ethiopia….

Ethio telecom launches cloud computing service
Spread the NewsEthio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching…