Addis Ababa City Administration signed an agreement with two construction contractors called KMCG and TNT to build a small and mid-level industrial park at a cost of Birr 7.7 billion. The project will construct 21 manufacturing sheds with different floors and 400 suppliers and production shops.
Add a comment Add a commentEthiopian Shipping and Logistics Services Enterprise (ESLSE) was able to transport 7.2 million tons of dry cargo during the 2021/2022 fiscal year. The Enterprise said it managed to get the result despite several challenges. The Enterprise’s goal for the concluded fiscal year was to transport 10 million tons of shipment.
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Three companies which were engaged in automotive assembly, bottled water production, and food manufacturing were inaugurated last week.
The automotive assembly factory was launched in Dire Dawa Free Trade Zone on Saturday in the presence of the Mayor of Dire Dawa City, Kedir Juhar, and CEO of Industrial Parks Development Corporation, Sandoukan Debebe. EL Auto Engineering built the plant with more than Birr 700 million. It is reported that the factory has the capacity to assemble 20 cars per day.
Add a comment Add a commentImport and export contraband goods with an estimated value of more than Birr 76.3 million were seized between August 12 and 18, 2022. The seized items included clothes, fuels, livestock, electronics, coffee, medicine, vehicles, weapons, khat, cooking oil, drugs, cosmetics, and various currencies.
The seized import contraband goods are estimated to reach Birr 66.1 million while the export contraband goods amount to Birr 10.2 million. Adama, Dire Dawa, and Moyale Customs Offices take the lead in controlling import contraband.
Source: Fana BC
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A mobile phone application called Nedaj was launched on Saturday after an agreement was inked between the Commercial Bank of Ethiopia (CBE) and EagleLion Systems Technology Company. The agreement was signed by Dahlak Yigezu, CBE’s Digital Banking Vice President and Besufikad Getachew, CEO of EagleLion.
The application which will allow customers to carry out fuel transactions digitally is expected to establish a convenient and fast payment system. Vehicle owners and gas stations can use the service by installing the application on their mobile phones and connecting it to CBE-Birr, a mobile banking service streamed by CBE.
According to Besufikad Getachew, “it is possible to upgrade the mobile phone application, which has great importance to vehicle owners, gas stations, and fuel regulatory bodies, by modernizing our country’s fuel marketing”.
Source: Fana BC and Capital Ethiopia
Image source: Fana BC
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