The Chinese corporation CGCOC Hansom Group established a new company in Ethiopia which dubbed Hansom Kinfengda Manufacturing PLC and owns a manufacturing plant which produces special type of corrugated pipes. The pipes are said to be used for residential wastes, industrial wastes and water discharges.
Ethiopian Chamber of Sectoral Associations launched its first e-directory. The Chamber’s move was in the aim of modernizing businesses’ communication and interaction.
The Ethiopian Chamber of Commerce & Sectoral Associations and Addis Ababa University yesterday signed a Memorandum of Understanding (MoU) to work together.
Chapa Financial Technologies, an Ethiopian fintech company, has launched a gateway service that enables organizations and business to accept and make payments worldwide using multiple channels.
The company’s founder and CEO Israel Goytom said “with more than 110 million people, Ethiopia is the second largest country by population in Africa, but fragmented payments have been a significant problem for most Ethiopian business and entrepreneurs. We have acquired and established holy-grail tools, exclusive technologies and methodologies to ensure the production of qualified hi-tech fixes for our customers. Now, business can focus on scaling their businesses while we handle their payment issues”.
Chapa was founded in 2020 by entrepreneurs Israel Goytom and Nael Hailemeriam. The National Bank of Ethiopia officially licensed the homegrown fintech company in May 2022. The company's primary mission focuses on building payment APIs and payment tools for ambitious Ethiopian businesses.
Source: Fana BC and Newsfile
Image source: Fana BC
The Chemical Industry Corporation (CIC) announced a revenue of Birr 5 billion from its industrial chemical input products over the past eleven months. Its revenue grew by 28.9% compared to the previous year’s figures.
