“I’m planning to auction export items through e-commerce”

“I’m planning to auction export items through e-commerce”

A conversation with Tadesse Tessema (Engineer)   Tadesse Tessema (Engineer) is a Co-founder, General Manager and Shareholder formerly Holland Car PLC. After he lived in the Netherlands for 27 years, Tadesse decided he could start a successful business in his homeland. He launched Holland car, forced to close down the successful joint venture and back…

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…

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…

China praises mutual understanding, support in ties with Ethiopia

China praises mutual understanding, support in ties with Ethiopia

With mutual understanding and support on major international issues, Ethiopia and China have been working closely at global and regional levels, said a statement from the Embassy of People’s Republic of China in Ethiopia. “China speaks highly of the above cooperation. China will adhere to its consistent position and oppose external forces interfering in Ethiopia’s…

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…

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22

Goh Mortgage Bank S.C. to disburse 1 bln Birr loan in 2021/22

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…