2merkato

LG Electronics is looking to expand its presence in the Ethiopian market by meeting the increasing need for air conditioning equipment said Dinir Abubaker, Country Director for the company.

The Ethiopian climate is changing and the need for air conditioning is increasing he noted at the event held to launch the new Titan series of air conditioners to the Ethiopian market at the Hilton Hotel.

The new line of air conditioners have built in voltage switch to protect the conditioners compressor from damage caused by fluctuations in electrical current that is caused by unstable power supply in the African Region explained Sangmin Lee, Vice President of LG East Africa. The air conditioner is also more power effective using 75% less power than other conditioners on the market he claimed.

LG Electronics Corporation is set to open a TVET College in Ethiopia in collaboration with Korean International Cooperation Agency (KICA) and World Together (WT). The institution is named LG Hope TVET College and it is expected to be opened in November.

LG-KOICA Hope TVET College has finished its preparation to provide trainings in the areas of IT (Hardware and Network Servicing) and Electronics which contains two streams of Home and office Equipment servicing and Electronic and multimedia communication servicing. In each training stream the departments only accepted 25 qualified trainees so recently the college has a total of 75 students based on the criteria set by Addis Ababa TVET Agency and the entrance exam set by the college.

Lion International Bank (LIB), one of Private Banks in Ethiopia has secured 663.6 million Birr in revenue in 2014/15 budget year, Capital reported.

Libya Oil Limited disclosed on September 3, 2015, at Sheraton Hotel that it has changed the packaging and labeling of its products with 48 million Birr cost, Addis Fortune reported.