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Cement Plant Puts Down Roots in Amhara

Jan 26 , 2019

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A new cement factory is being built in Dejen in Amhara Regional State by Abay Industrial Development Share Company at a cost of 8.8 billion Br. Abay has signed agreements with the Chinese Hengyuan Group and the Danish FLSmidth for the construction of the cement plant. The signing ceremony was held at the Sheraton Addis Hotel in the presence of Deputy Prime Minister Demeke Mekonnen and Gedu Andargachew, president of the Amhara Regional State, and Melaku Alebel, chairperson of the board of directors of Abay Industrial Development. The construction of the company will be completed in two years and can produce 5,000tn of cement a day. It is expected to open employment opportunities for 1,000 people once it becomes operational.

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Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...

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Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...

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Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...

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