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…

Enterprise garners 386.7 mln Birr in six months

Enterprise garners 386.7 mln Birr in six months

The Ethiopian Postal Services Enterprise (EPSE) has garnered 386.7 million Birr in six months of this fiscal year. The performance was 110% of its initial plan of 351.1 million Birr. EPSE’s six months performance appraisal has conducted by Habtamu Hailemichael, Director General of the Public Enterprises Holding and Administration Agency. Improvement of postal service delivery…

Safaricom selects VMware to build Greenfield network in Ethiopia

Safaricom selects VMware to build Greenfield network in Ethiopia

Safaricom Ethiopia has selected VMware as its Telco Cloud Platform partner. Pedro Rabacal, Chief Technology Officer at Safaricom Ethiopia, says, building a world-class network in Ethiopia will unlock its economic potential as well as build a positive future for people across the country. “We aim to contribute to the country’s digital transformation and inclusion for…

Safaricom Ethiopia unveils data center, targets 25% Ethiopians customers by March 2023

Safaricom Ethiopia unveils data center, targets 25% Ethiopians customers by March 2023

Safaricom Ethiopia has unveiled its first cloud data center in Addis Abeba at a press briefing and media visit program held on Tuesday February 22,2022, in less than a year after the Ethiopian Communications Authority (ECA) issued the company the first-ever telecom operator license since Ethio Telecom. The establishment of the data center in Addis…

Local investors visit Bole Lemi, Kilinto industrial parks

Local investors visit Bole Lemi, Kilinto industrial parks

Local investors and representatives of businesses have paid a visit to Bole Lemi and Kilinto industrial parks in Addis Abeba. Officials at the Industrial Parks Development Cooperation (IPDC) briefed the incentives and opportunities provided to local investors. IPDC officials further explained the performances of the industries during the visit. Supporting schemes to the industries were…