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The Ethio-Djibouti Railway (EDR) has announced plans to expand its operations by investing in a major construction project in Djibouti, including a proposed 49% stake in the Damerjog fuel storage facility. This move aims to enhance regional fuel distribution and multimodal logistics capacity.

Dashen Bank has officially launched a new service enabling customers to safely deposit valuable assets, including gold, precious metals, securities, pearls, passports, marriage certificates, and other important items.

The bank announced that the service was particularly tailored to meet the needs of customers in the mining sector, though it was also open to both individual and institutional clients. Customers can rent safety deposit boxes of various sizes based on their specific requirements.

Ato Andualem, Director of the Treasury Management Department at Dashen Bank, stated that the decision to launch the service came in response to repeated customer requests over time. He noted that the storage system had been developed with high-security features that the bank has refined over the years.

To access the service, customers must visit their nearest Dashen Bank branch or district office, complete the necessary formalities, and then proceed to the head office. According to the bank, clients who register for the service will also be issued a dedicated identification card for secure access.

Source: Sheger FM 102.1

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