Safaricom Ethiopia plans to create 1.5 million jobs in ten years

Safaricom Ethiopia plans to create 1.5 million jobs in ten years

On February 5, the first successful voice call was made using Safaricom’s network with the code ‘07’. Text messaging, internet access, and other network services followed successfully. Meanwhile, Safaricom Ethiopia recently unveiled its first cloud data center in Addis Abeba as it gears up to launch its commercial operations in the country. Kaleyesus Bekele of…

Edible oil companies complain over lack of inputs, market chain problems

Edible oil companies complain over lack of inputs, market chain problems

The Ethiopian Edible Oil Producers Manufacturing Industry Association said that lack of raw materials and complex market chain are the main challenges of their operations. The Association consists of more than 100 edible oil companies. Mohammed Youssouf, Vice Board Chairperson of the Association told Origins Media that major problems which are hindering productivity of the…

EEP, Safaricom Ethiopia sign dark fiber-optic leasing agreement

EEP, Safaricom Ethiopia sign dark fiber-optic leasing agreement

The Ethiopian Electric Power (EEP) and Safaricom Ethiopia Telecommunications PLC signed a five-year lease agreement to share dark fiber-optic on Thursday. The agreement was signed between Asheber Balcha, CEO of the Ethiopia Electric Power and Anwar Soussa, CEO of Safaricom Ethiopia Telecommunications PLC. The first phase of the agreement includes Safaricom Ethiopia leasing 4097 kilometers…

E-commerce faces security challenges

E-commerce faces security challenges

Businesses said lack of security in Ethiopia has been adversely affecting the success of e-commerce platforms. Addis Abeba Chamber of Commerce and Sectoral Associations organized a consultation with businesses focused on “Challenges and Opportunities E-Commerce in Ethiopia”. Deficiency of infrastructural facilities has been mentioned as among bottlenecks for the e-commerce businesses. Mainly, lack of security…

Glocare Pharma Factory inaugurates at Kilito Industrial park

Glocare Pharma Factory inaugurates at Kilito Industrial park

Glocare Pharma Manufacturing PLC, India’s company, has inaugurated its pharmaceuticals investment project at Kilinto Industrial Park. As the country is importing approximately more than 85% of pharmaceutical products, this investment project is believed to add a significant value to the sector by substituting imports, contributing to export, creating employment opportunities, improving access to quality and…

Lack of business ethics blamed for illegal business activities

Lack of business ethics blamed for illegal business activities

An expert blamed lack of business ethics among few businesses as a challenge for illegal and high price increment on commodities. Eshetu Ejara, an Agricultural Economist by profession told Origins Media that lack of business ethics is the basic problem among the businesses. The government said recently that it has seized hoarded edible oil products…

Ashenafi Merid, General Manager of EBSFMIA on the challenges & prospects of bottled water manufacturers

Ashenafi Merid, General Manager of EBSFMIA on the challenges & prospects of bottled water manufacturers

Established in July 2019, the Ethiopian Bottled Water, Soft drink, Fruits and Vegetable Processing/ Manufacturing Industries Association (EBSFMIA) has close to 138 companies with 55,000 permanent employees and 71 thousand jobs across its value chains. EBSFMIA has conducted a survey to eliminate the impacts of imported bottled water plastics Necksils against the environment. By so…

U.S. launches Kefeta $60 mln investment to lift up Ethiopia’s youth

U.S. launches Kefeta $60 mln investment to lift up Ethiopia’s youth

The United States through the United States Agency for International Development (USAID) has launched a new investment of $60 million to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and expand their…

KEFI Gold, Copper resumes development of Tulu Kapi gold project in Ethiopia

KEFI Gold, Copper resumes development of Tulu Kapi gold project in Ethiopia

London based mining company, KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said development of the Tulu Kapi gold project in Ethiopia has restarted after being postponed for five months on security concerns. The security situation has remained stable at both the site and the preferred transport routes over the past two months, the company said…