Skip to main content
x

Breaking bread

Prime Minister Abiy Ahmed (PhD), on Thursday, inaugurated Sheger Bread Factory, which was constructed by MIDROC outlaying 900 million birr. The Factory has the capacity to produce 1.5 million loaves of bread a day and 80,000 an hour.

Slew of telecom operators vie for Ethiopian market

In a bid to allow two new telecom operators join the Ethiopian telecommunications market, the Ethiopian Telecommunications Authority (ECA), together with the Ministry of Finance, have received expression of interests from major telecom companies.

CBE undergoes another restructuring

The giant state-owned bank, the Commercial Bank of Ethiopia (CBE) has rolled out a new organizational structure, the second one since the administration of Abiy Ahmed (PhD) took office in 2018.

Midroc splits leadership, restructure

Midroc Technology Group, owned by Sheik Mohammed Alamoudi, an Ethiopian-born Saudi Business Tycoon, has decided to implement a new, restructured governance system, splitting the leadership into four major administrative scopes and Chief Executive Officers (CEOs), The Reporter has learnt.

City administration waives 4.5 bln birr in taxes

In order to help businesses withstand the growing impacts of COVID-19, the Addis Ababa City Administration has decided to waive some 4.5 billion birr in interests and penalties on unpaid tax, accumulated since 2005, benefiting some 7,800 taxpayers in the capital, The Reporter has learnt.

Gemcorp to supply NDRMC with 200k mt of wheat

Gemcorp has further expanded its partnership with the National Disaster and Risk Management Commission (NDRMC) and is set to supply NDRMC with 200,000 metric tons of wheat. This comes as the company, the newest entry to the supply market was first introduced in early 2018.

Privatization wheels turning

Following the announcement of Ethio telecom’s liberalization project, companies such as France’s Orange, South Africa’s MTN Group and Kenya’s Safaricom have all expressed interest in joining the industry which Ethiopia desires to uplift. So far, at least two operators are in the process of joining the sector, once they acquire licenses for operations.