Shints ETP Garment PLC, an industrial firm from South Korea, located inside the Bole Lemi Industrial Park, has inaugurated its staff’s dormitory and additional floors in the existing sheds constructed inside the park on Friday. Construction of the dormitories and additional floors for sheds amounted $15 million, Harry Choi, General Manager of Shints ETP garment…
Newly-established development agency Financial Sector Deepening Ethiopia (FSD Ethiopia) has officially been launched on Thursday in a program held at the Hyatt Regency Hotel, Addis Abeba, Ethiopia. Funded by UK Aid and the Bill & Melinda Gates Foundation, FSD Ethiopia is expected to provide financial and technical assistance for both public and private sector domains….
Safaricom Telecommunications Ethiopia Plc (“Safaricom Ethiopia”) held a first demonstration of digital SIM registration process and a workshop on related policy matters with the National ID- Ethiopia (“NID”) and the Ethiopian Communications Authority on Tuesday. This is part of our preparations for commercial launch this year and follows the signing of a Memorandum of Understanding…
The ECA Sub-Regional Office for Southern (SRO-SA) in collaboration with the Angolan Government and the United Nations Resident Coordinator’s Office in Angola held a side event at the margins of the 54th session of the ECA Conference of African Ministers of Finance, Planning and Economic Development to offer African countries a platform for dialogue, exchange…
Ethio telecom and Information Network Security Administration (INSA) launched monthly water service bill payment via telebirr through Derash integrated payment platform for water and sewerage services providing institutions. Based on the agreement signed on Wedensday, telebirr subscribers residing in Arba Minch, Bahir Dar, Dessie, Finote Selam, Harari, Injibara and Kombolcha towns can settle their water…
Ethiopia Investment Holdings, nation’s sovereign wealth fund formed earlier this year, announced Wednesday that it has been tasked with establishing the Ethiopian securities exchange (ESX), taking over the responsibility from the National Bank of Ethiopia (NBE). It has been two years since NBE establishing Ethiopia’s first capital market. The regulatory body introduced a proclamation to…
The disruptions caused by the Covid-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020 and reversed more than two decades of progress in poverty reduction on the continent. This is according to the Economic Report on Africa 2021(ERA2021) launched Sunday on the margins of the Economic Commission for Africa’s annual Conference…
By Kaleyesus Bekele Trans Nation Airways (TNA) , a private charter flight operator based in Addis Ababa, Ethiopia, is aiming higher to become the preferred charter operator in East Africa region. Established in 2004 TNA operates two Dash8 aircraft and recently acquired a new King Air360 from Textron Beech Aircraft Company. The parent company of…
Efoyplus, an organized online real estate market place for finding and sharing updates about home, real estate, mortgage and construction inputs, has officially been launched on Tuesday. Efoyplus (efoyplus.com) mainly aims to diminish the mismatch between demand and supply of home, residential real estate as well as construction materials by offering information from various financial…
Lack of digital promotions in tourism sector of Ethiopia has impeded the growth of the sector, said Sileshi Girma, who is in charge of Infrastructure Development for Tourism Destination with rank of State Minister of Tourism. Sileshi mentioned the experience of Kenya regarding the introduction of “My Africa” virtual reality competition for the development of…
