Ashewa Technology Solutions and Africom Technology signed a memorandum of understanding last week at the ICT Park in Addis Ababa to partner in various areas. The companies aim at establishing the largest digital economy in Ethiopia and expanding their eCommerce service nationally and internationally.
Ashewa Technology Solutions S.C. announced that it opened a branch in Nairobi, Kenya. The opening of the branch is expected to help in the development of eCommerce and digital market between the two countries.
Asian Paints’ indirect subsidiary completed a deal which grants it 51 percent stake in an Ethiopian paint manufacturer, Kadisco. The deal was done for a price of USD 18.95 million in cash.
Asian Paints is acquired a 51 percent share in the Ethiopian Kadisco Paints via its Singapore-based subsidiary Berger International.
Henok Teferra, Vice President for Corporate Strategy Communications and Alliances at Ethiopian Airlines is to take over from the outgoing CEO of ASKY, Yissehak Zewoldi, The Reporter reported.
