2merkato

Woldu Yemmesel, Director General of the Ethiopian Intellectual Property Authority, headed a delegation from Ethiopia to the Sixty-Fourth Series of Meetings of the Assemblies of the Member States of the World Intellectual Property Organization (WIPO). The meeting is being held in Geneva, Switzerland, and will be closed on July 14, 2023.

Four brand-new Airbus A350-1000 aircraft will be powered by Trent XWB-97 engines thanks to a Total Care servicing contract negotiated by Rolls-Royce and Ethiopian Airlines. According to the deal, Ethiopian Airlines will have predictable costs for the servicing and upkeep of the engines. The agreement was inked while Ethiopian Airlines was present at the Derby, UK, office of Rolls-Royce Civil Aerospace.

The Indian company Akshay Jay Oil, which produces avocado oil at Jimma Industrial Park, is increasing its investment by building a facility to create solid and liquid compost from waste materials. New investors will use the factory, which should be finished in five months, to save the environment.

Ethiopian Electric Utility (EEU) has partnered with Inhemeter Co. Ltd to replace its existing electricity meter technology with STS talk and smart prepaid meter technology. The total cost of the project is confirmed to be USD 48,875,545.

The Federal Democratic Republic of Ethiopia and the Republic of Poland have signed a Memorandum of Understanding (MoU) on the "Tax Solidarity Programme" support. The MoU was signed by Semereta Sewasew, Minister of State for Finance, and Mr. Przemysław Bobak, Ambassador of the Republic of Poland to Ethiopia.

The African Development Bank (AfDB) has granted a loan of Euro 26.1 million to construct an underground power transmission line as part of the Ethiopia-Kenya electricity highway. The project aims to boost power supply to Kenya's Laikipia Airbase and surrounding areas.

Chapa, a payment solution provider in Ethiopia, has partnered with Telegram, one of the world's most popular messaging apps. This collaboration will allow merchants using Telegram to seamlessly accept payments from their customers.

Viditure Technology Solution PLC announced that it was set to launch its all-new digital/E-signature application, Weleta. Weleta, which will be the first digital signature technology in Ethiopia, is expected to replace wet signatures with electronic ones.

The Ethio-Kazakhstan Business Forum took place in Astana, featuring a prominent delegation led by Ambassador Misganu Arga, Minister of State for Foreign Affairs. Ambassador Arga highlighted Ethiopia's investment potential and the government's incentives for foreign investors.

Sidama Bank has officially started providing services as of yesterday. At the launch program, the Deputy Governor of the National Bank, Ato Solomon Desta, emphasized that the bank's success would play an important role in the country's economic development and in providing access to modern banking on a large scale. Sidama Bank is one of the five banks that have transformed from small financial institutions to banks in the past five years.