Ethiopia: Bangladesh Company to Establish Textile and Garment Factory in Mekele
The Bangladesh based, BDL Group, is set to build textile and garment factory at an outlay of 765 Million Birr in the Tigray State capital, Mekele City.
Ethiopia: Bank Deposit Accounts Increase to 129.52 Million
The number of bank deposit accounts in Ethiopia has risen from 98.59 million in June 2022 to 129.52 million in June 2023, the National Bank of Ethiopia revealed.
Ethiopia: Bank Names Its New Branch after Athlete Wami Biratu
The Bank of Abyssinia opened its new branch in Ferensay Legasion, Addis Ababa. The new branch is named after Wami Biratu who was once one of the best long-distance runners in Ethiopia. Wami Biratu officially opened the Branch and thanked the Bank for recognizing his achievements by naming a branch after him.
When the bank began its services in 1996, it had only one branch. Currently, it has 296 branch networks nationwide, of which 142 are in Addis Ababa.
Source: Capital Ethiopia
Ethiopia: Bank of Abyssinia and S2M Signed Contract for Installation of PoS and EFT
Bank of Abyssinia (BoA) signed a contract with S2M – a Moroccan company –, on Saturday, December 28, 2013, for the installation of 200 Point of Sale (PoS) machines and Electronic Fund Transfer (EFT) switch machines, Fortune reported.
Ethiopia: Bank of Abyssinia Contracted CBM for supply of ATM
Bank of Abyssinia (BoA) concluded a contract with Computer Business Machines (CBM), a Lebanon-based company for the purchase of 50 Automatic Teller Machines (ATM), on December 7, 2013, Fortune reported.
BoA has also selected S2M, a Moroccan company for the supply of 200 Point of Sale terminals (PoS) and a switch system, however they have yet to sign the contract, according to Fortune.
