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Looking to bring unbanked sections of the Ethiopian population into the formal financial sector and enable low-cost credit and savings service, Ethio Telecom has partnered with Dashen Bank to launch telebirr digital financial services. Micro loan, overdraft and micro saving are services to be offered in partnership with the 25-year-old bank as per a permit given by the National Bank of Ethiopia.

Accordingly, Ethio Telecom offers three different financial services, namely telebirr Mela (micro credit), enabling customers to borrow money for any transaction or withdrawal, telebirr Endekise (credit pay/ overdraft service), permitting users to borrow up to ETB2,000 in an emergency transaction, and telebirr Sanduq (micro savings service). The services are accessible on the telebirr app as well as by dialing *127#.


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Nissan Navara PRO-4X pickup vehicle’s latest edition was presented to the public by Nyala Motors—the 50-year-old local representative of Nissan Motors. According to Mesfin Bogale, General Manager of the company, the “Nissan Navara PRO-4X” is a luxury vehicle that is both comfortable and having better safety features than other vehicles made by Nissan, while adding that it is also dependable, fuel-efficient, modern, and appropriate for the country.


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In collecting ETB61.3 billion in revenue, Ethio Telecom credited its network and system expansion andoptimization works. In all, 67 new and 77 revamped local and international products and services were offered to the parastatal’s customers. The budget year of 01 July 2021 to 30 June 2022 saw the commencement of the three-year BRIDGE growth strategy. This strategy and new offerings are preparations for the upcoming competitive market.


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Jubilation and excitement featured all over Addis Ababa as the Ethiopian athletics team that registered 10 medals—four gold, four silver, and two bronze—returned home from the World Athletics Championship in Oregon, USA. The team of athletes, coaches, and administration staff—including Ethiopian Athletics Federation President Derartu Tulu—toured the city’s avenues for hours before a congratulatory event at the National Palace in the presence of President SahleWorq Zewde.

Photo Credit: Samuel Habtab


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Sergei Lavrov, Minister of Foreign Affairs of the Russian Federation, took part in the national seedling planting endeavors at his nation’s embassy in Addis Ababa, alongside his Ethiopian counterpart Demeke Mekonnen. Thereafter, the minister held a press conference where various issues were raised.

Photo Credit: Samuel Habtab


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Dubai is working to make itself the main center of the world economy, as well as an investment hub and tourism destination. Towards this, Stella Fubara, Director of International Operations with the Dubai Department of Tourism & Commerce Marketing (DTCM), is in Ethiopia. Stella arrived with Tonye Princewill, CEO of RivExcel, an international management company with a strong presence in Africa, UK, UAE, the Caribbean. RivExcel is assigned to undertake works on the African continent with regards to DTCM, or Dubai Tourism.


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The BIG 5 Construct Ethiopia is to be held at the Millennium Hall in May 2023. Endorsed by the Ministry of Urban Development and Infrastructure, the exhibition will showcase opportunities across Ethiopia’s construction sector, which currently contributes 5Pct towards Ethiopia’s workforce, according to the Central Statistics Service (CSS).

Organized by dmg events and its local partner Ethel Events and Communication, and part of The Big 5 global series of events, the three-day exhibition is to host local, and international attendees that are intent on taking part in Ethiopia’s growing construction sector. The goal of The Big 5 Construct Ethiopia is to accelerate construction industry innovations and complement Ethiopia’s economic growth, investment, and a sustainably built environment.


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The Chinese technology giant, Huawei, held a program at the Hilton Hotel in Addis Ababa to promote and certify its technologies with its partners and institutions in Ethiopia. In attendance were Huria Ali, State Minister of the Ministry of Innovation and Technology alongside senior officials from Huawei and organizations and domestic partners. The minister stated that Huawei is contributing to the realization of the Ethiopian Digital 2025 Strategy by bringing the best technology in the world to Ethiopia, including the recently launched 5G network.


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OLA Energy Group unveiled a new brand for its pan-African network of retail outlets, channels, and petroleum products.

Formerly OiLibya Ethiopia Limited, both the local and pan-African company has now been renamed and rebranded to OLA Energy Ethiopia Limited and OLA Energy Group on February 7, 2022. The new branding is now taking foot in Ethiopia, originally with few service stations in Addis Ababa, followed by a phased rollout over the entire retail network across the country.

The company also introduced their Accel Auto Care Center at their Meskel Square service station, aiming to provide better quality services at their service stations across the country. Towards this, they have struck a collaborative deal with Gigar Trading and Technical Center, which will be operating the premium car maintenance center in the country.

 


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Coca-Cola Beverages Africa – Ethiopia inaugurated its new factory built at a cost of USD100 million which will provide jobs for 500 permanent employees and produce more than 100 million packages per year. In addition, the plant has the capacity to produce inputs including plastic bottles and caps.

Coca-Cola first opened its Ethiopian operations in the Abinet area of Addis Ababa in 1952 and the new plant in Sebeta of the State of Oromia commenced construction in 2019. The company has plans to expand with a Hawassa plant in the future.

The company now has over 3,500 permanent employees, while more than 70,000 are beneficiary through their value chain. With the opening of the new plant, the beverage giant will introduce Minute Maid drinks to the Ethiopian Market.

Photo Credit: Samuel Habtab



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