Tsehay Insurance SC formally entered the insurance sector in Ethiopia at a ceremony held last Saturday.
The Insurance Company launched operations with its first branch opened in mid-May and currently has three branches located in the Abune Petros, Haya Hulet and Merkato areas of Addis Ababa.
The company is planning two more branches before the end of the current financial year in July in the Addis Ketema and Meshualkia areas.
Tsemex is set to provide large capacity water tanks to help resolve the water problem in Ethiopia. The company plans to import water tanks with the capacity to hold 12,000 liters and custom designed tanks that can hold up to 10 million liters.
The Pioneer water tanks that Tsemex will import come in diameters ranging from 2.68 meters to 20.05 meters and with heights of 1.1 meter to 8.5 meter said Rezene Ayalew Managing Director of Tsemex.
The Ethiopian Ministry of Mines is in the process of facilitating visas for the Tullow drilling crew that will oversee the launch of 
drilling processes by the company in January. The crew is expected to be composed of 20 primarily Polish experts.
Tullow is preparing to launch drilling activity on its concession in the Southern Omo Valley according to its tentative program said Sinkensh Ejigu, State Minister for Mines.
The schedule set for drilling may be changed if the visa processes prove to take longer than expected she said.
Tullow Oil, a multinational gas and oil exploration company headquartered in London, said it has found indications of the existence of oil with its concessions in the South Omo Basin, Southern Regional State of Ethiopia.
Tullow Oil disclosed it has started talks with the Ethiopian government to extend its exploration license.
