Sunday, February 25, 2024

Business

EFFORT seals deal for first PVC resin plant

The Endowment Fund for Rehabilitation of Tigray (EFFORT) has contracted a Chinese engineering company— ECE Engineering Corporation—for the construction of the first ever PVC resin (Polyvinyl Chloride) manufacturing plant at cost of five billion birr (USD 250 million at current exchange rates) in Arato locality of Mekelle city, the capital of the Tigray Regional State.

Huawei authorizes Techno Brain to train, certify ICT professionals

The Chinese telecom giant, Huawei, has authorized Techno Brain, a global ICT training provider based in Tanzania, to train and certify ICT professionals who can service, maintain or develop IT solution suitable for brands and services that Huawei markets.

Urban safety-net secures USD300 MLN financing

The House of Peoples’ Representatives (HPR) on Tuesday discussed several draft laws, including a USD 300 million loan agreement that Ethiopia recently cemented with the World Bank Group for the soon-to-start Urban Productive Safety Net project which will be implemented in Ethiopia for the first time.

Institute says companies cut cost by half-a-billion via Kaizen

The implementation of Kaizen in Ethiopian companies' daily work flow has resulted in cost reductions across production line in the manufacturing sector by half-a-billion dollars, equivalent to some two billion birr, it was learnt. 
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Hotel owners vow to establish hospitality academy

In a bid to curb the critical shortage of skilled labor in the hospitality business, the star-rated hotel owners in Addis Ababa have agreed to establish an academy, which aspires to cater to the demand of regional markets in the future, it was learnt.

Ethiopia edges closer to joining Africa Trade Insurance

Ethiopia’s bid to join the African Trade Insurance Agency (ATIA) has come close to be finalized as the Houses of Peoples’ Representatives (HPR) on Tuesday reviewed a draft bill that stipulates membership terms for the country when joining the continental insurance organization.

Ermias charged with writing bad cheques

Ermias Amelga, founder and former CEO of Access Real Estate S.C, has been charged by prosecutors at the Second Criminal Bench of the Federal High Court at Arada Division on March 25 for writing bad cheques.

Derba Cement plans to erect second plant

Derba Cement, one of the subsidiary companies of MIDROC Ethiopia, is to undertake a massive expansion project at its cement plant in Derba at a cost of 300 million dollars. 
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Anomaly in the cement industry

With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city.

Anomaly in the cement industry

With the ongoing construction boom in the country, various high-rise corporate headquarters and condominiums are step by step popping up in the city.
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Video from Enat Bank Youtube Channel.

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