2merkato

Tana Communication PLC and Samsung Electronics East Africa inaugurating Samsung’s first printer assembly plant in Africa last Monday.

During the inaugural ceremony Tana’s CEO, Sium Adugna, said that in addition to creating job opportunities plant will facilitate Ethiopia’s efforts in transfer of knowledge and technology.

Santim Pay Financial Share Company announced a digital financial payment system called Santim Pay. The system is entirely developed by Ethiopians in collaboration with Abyssinia Bank, Commercial Bank of Ethiopia, Bunna Bank, Awash Bank, Amhara Bank, Birhan Bank, Yimlu, and Tele Birr. It is expected to reduce the costs banks incur for software and POS machine purchases by 20%.

SantimPay Financial Solutions S.C. is set to expand its contactless payment network in Ethiopia with plans to deploy over 10,000 Point of Sale (POS) machines within the coming Ethiopian year (2017).

Sapphire Addis Hotel will go operational in few days on May 13, 2017. The hotel situated in Ethiopia’s capital in a location commonly known as Medhanialem Church. It took the hotel 6 years to reach 96 percent completion rate.

Saro-Maria, a four star hotel, was inaugurated on Tuesday, 30 July, 2013. in Addis Ababa, Ethiopia. The city is seeing growing demand for hotel accommodation. Addis Ababa has only 110 hotels with fewer than 5,500 rooms. The city’s top 10 hotels currently show occupancy rates in excess of 90 percent, Capital reported.

“Clearly, this new facility has been created as a result of an increasing potential for mid-scale flag properties, after the emergence of brands like the Sheraton, Hilton, Marriot and Radisson Blu secured footholds in the market”, Saro-Maria’s general manager, Samuel Omalla told Capital.