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Ethiopia's Berhan International Bank has joined Premium Switch Solutions (PSS), with the acquisition of 4.8 million Ethiopian birr worth of shares.

Berhan Bank was officially welcomed into the partnership at a ceremony at the Hilton Hotel, on Thursday, June 27, 2013. Berhan can now access a network of 60 ATM machines owned by PSS and leased to the three original founding banks. It will also have access to the services of the 200 ATMs that are expected to be procured by Awash, Nib and United banks in the coming year.

Ethiopian Kaizen Institute awarded nine enterprises for excellence in ‘Kaizen’ implementation, a Japanese business philosophy of operational excellence.

At a ceremony held today at Sheraton Addis, Wonji Shewa Sugar Factory, Metehara Sugar Factory and Addis Modjo Edible Oil Complex received the excellence award from Mekonnen Manyazewal, Industry Minister. Speaking on the occasion, Mekonnen said efforts to properly implement Kiazen methodologies in all industrial institutions will continue. Getahun Tadesse, Director General of Ethiopian Kaizen Institute said Kaizen methodologies are being implemented in 108 institutions across Ethiopia. Add a comment Add a comment

Nicon PLC, an Ethiopian transit and cargo company, has announced plans to establish electric bicycles assembly plant in Ethiopia.

The company has secured land for the plant at a cost of 10 million Ethiopia birr and says it will start producing Ethiopian made bikes within a year. Add a comment Add a comment

ThermoHelix, a Canadian company that manufactures power generation systems from solid waste and sludge, announced plans to finance and erect a Waste-to-Energy plant in Ethiopia.

The company has already submitted its proposal to the Ethiopian Electric Power Corporation (EEPCo) and Addis Ababa City Administration to engage in the waste energy project back in December 2012. Add a comment Add a comment

This past week, Consumer Insight, a pan African research company in partnership with 251 Communications, an advertising agency based in Ethiopia, released its research study on Ethiopian women lifestyle, as identified by a survey of 555 women of all ages and income levels.

The study features women living in the Capital, Addis Ababa. The respondents were asked about their aspirations, product usage and media consumption. Add a comment Add a comment

Yangfan Motors P.L.C., a Chinese based Company, is to expand its vehicle assembly plant in Ethiopia at a cost of US$4.2 million.

The company has been assembling vehicles during the past four years in Ethiopia. Yangfan Motors signed agreement on Thursday for purchase of its assembling and manufacturing facility with Eastern Industry Zone located in Dukem, Oromia Regional State.

The Ethiopian Ministry of Urban Development & Construction (MoUCD) has drafted a regulation to establish the Ethiopian Construction Project Management Institute.

The draft regulation, which will be submitted to the Council of Ministers in few weeks time, is said to ensure the effective implementation of construction projects in Ethiopia. Add a comment Add a comment

Ethiopia has earned US$419 million from export of minerals supplied by artisanal miners in the 11 months of the current Ethiopian Fiscal Year, according to the Ministry of Mines.

The earning is 30 percent short of the Ministry’s revised projection for the period. Add a comment Add a comment

Tendaho Sugar Factory would begin test production in five months, according to the Ethiopian Sugar Corporation.

Tendaho Sugar Factory, designed to produce over 619 thousand tons of sugar annually on 50 thousand hectares of land is under construction in Afar Regional State of Ethiopia. Add a comment Add a comment

Construction of an irrigation dam for the 4.8 billion Ethiopian Birr Wolkayit Sugar Development Project will be launched soon, the Ethiopian Sugar Corporation said.

Project manager with the corporation Amenay Mesfin told journalists that the dam will enable to develop sugarcane on 50,000 hectares of land. Add a comment Add a comment