PurposeBlack launches supplying agri products

PurposeBlack launches supplying agri products

PurposeBlack ETH Training S.C. said Monday that it has officially launched activities of supplying agricultural products to consumers. The company will conduct activities of providing consumers with agricultural products—by purchasing directly from the farmers, which will reduce the value chain significantly. Fissiha Eshetu, CEO of Purpose Black said:“The Company has collected 10 billion Birr, and we’ll facilitate the market to enable farmersgetting better incomes beyond covering…

Wallin Beer joins market

Wallin Beer joins market

United 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 the company,…

Awash insurance collects premium of over 1.28 bln Birr

Awash insurance collects premium of over 1.28 bln Birr

Awash Insurance Company S.C said Saturday that it has collected a premium of over 1.28 billion Birr in 2020/21 budget year. The company has collected over 962.2 million Birr premium from the general insurance services, which registered a 23 percent growth from the previous year. Awash Insurance had also received 332.6 million Birr premium from…

U. S. Ambassador Geeta Pasi Visits Hawassa, discuss AGOA issues

U. S. Ambassador Geeta Pasi Visits Hawassa, discuss AGOA issues

Geeta Pasi, Ambassador of the United States to Ethiopia has visited Hawassa. During her daylong visit, the Ambassador met with business leaders, workers, academics, and journalists to discuss about U.S. government programs to hear from them about their experiences in their respective fields. The Ambassador visited the Hawassa Industrial Park (HIP), the first sustainable textile and apparel industrial park…

Wegagen Bank Provides 1 mln Birr for Children’s Heart Fund

Wegagen Bank Provides 1 mln Birr for Children’s Heart Fund

Following its 25th founding year anniversary, Wegagen Bank has provided 1 million Birr to The Children’s Heart Fund of Ethiopia on Friday. Abdush Hussien, Board Chairperson of the Bank has handed over the support to Hiruy Ali, CEO of The Children’s Heart Fund of Ethiopia and Meseret Mebrate, a Goodwill Ambassador at the Fund. “Though…

Ethiopia’s AGOA eligibility status still undecided

Ethiopia’s AGOA eligibility status still undecided

Ethiopia’s eligibility status to the African Growth and Opportunity Act (AGOA), which gives a duty and quota free access to the country’s textile, garments, shoe, leather, footwear and others to the United States, is a pending issue, sources said. The AGOA trade program provides Sub-Saharan African nations duty-free access to the United States on the…

Nib International Bank contributes 3 mln Birr for Children’s Heart Fund

Nib International Bank contributes 3 mln Birr for Children’s Heart Fund

Nib International Bank (NIB) has contributed 3 million Birr for The Children’s Heart Fund of Ethiopia. NIB has been making contribution to the Fund for over 14 years since its construction, according to Hiruy Ali, CEO of The Children’s Heart Fund of Ethiopia. “NIB’s contribution will be utilized to purchase echocardiogram (echo), which helps to…

President Recep Tayyip Erdoğan to visit Ethiopia

President Recep Tayyip Erdoğan to visit Ethiopia

His Excellency Recep Tayyip Erdoğan, the President of the Republic of Turkey said he is delighted to visit Ethiopia this month announcing his acceptance of the invitation of Prime Minister Abiy Ahmed (PhD). The President’s announcement came with a congratulatory message to PM Abiy Ahmed upon his election as the Prime Minister of Ethiopia for…

Abay Bank, Arif Pay agree to step up digital banking

Abay Bank, Arif Pay agree to step up digital banking

Abay Bank S.C. and Arif Pay Financial Technology Company agreed to work together in speeding up the digitization of banking services through a fresh agreement signed on Monday. The agreement has signed between Yehuala Gesesse, Abay Bank’s President and Habtamu Tadesse, CEO of Arif Pay Financial Technology. Through Arif Pay mobile app, customers of Abay…