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 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…
Goh Mortgage Bank Share Company, the first mortgage financial firm, has planned to disburse a loan amounting 1 billion Birr in 2021/22 fiscal year. The bank has set a goal to collect 1.3 billion Birr saving in the fiscal year. Goh Mortgage Bank also sees opening 60 branches across Ethiopia in five years, according to…
Helloo market, a full-fledged e-commerce platform (https://helloomarket.com) has planned creating 45 thousand direct and indirect jobs in five years. As part of the plan, 15 thousand service provider machines will be installed in the rural parts to create jobs to thousands, according to the company. These movable machines operate from a power of solar panel…
Diageo PLC, the world’s leading seller of premium liquors, has sold Meta Abo Brewery to undisclosed buyer. The acquisition of Meta Abo brewery will be finalized in a month, according to sources. But the buyer and its value of acquisition is not disclosed so far. A decision to sell the brewery in a foreclosure was…
Enat Bank Share Company said that it is about to launch construction of its new headquarters at a plot of land in the financial district commonly known as Senga Tera. “The construction of our new headquarter will be sprawled over 4000 square meter of land, which we received from the City Administration of Addis Abeba,”…
Ethiopia’s access to trade benefits under the African Growth and Opportunity Act (AGOA) is at stake as the United States threatens to review the eligibility of the country if the ongoing conflict in northern Ethiopia remains unaddressed. Mixed opinions are circulating and if Ethiopia’s removed from the preferential trade agreement. Many industrial workers will more…
KEFI Gold and Copper PLC has announced on Monday that it will resume its activities after the security concerns in Wellega Zone, Oromia region is resolved. Kefi has plans to begin the building of a production facility in Tulu Kepi, Wellega. In September 2021 a serious safety / security incident occurred in the West Wellega…
Officials of the Oromia Tourism Commission (OTC) led by the Deputy Commissioner and Delegates of the Embassy of Indonesia in Addis Abeba arrived in Jimma zone for two days official visits. Following the first ever Tourism Hackathon program organized by OTC in partnership with the Embassy of the Republic of Indonesia in Addis Ababa to boost their ties. Sharing of experiences regarding the tourism sector and assessing investment…
The Agricultural Transformation Agency (ATA)has announced that clusters in Amhara region has begun exporting avocados cultivated on 200 hectares of land. 447 farmers in North Mecha Woreda of West Gojjam Zone are participating in the export process; out of which 156 farmers collected, prepared, weighed, packed and exported avocadoes weighing more 1600 quintals for the international market. Likewise, preparation has commenced to export these…
