Agency Saves Half Billion Birr Through Kaizen

Sep 8 , 2019


[ssba-buttons]

Ethiopian Pharmaceutical Supply Agency has saved half a billion Birr through the implementation of the Kaizen business philosophy in the recently ended fiscal year. Out of 19 branches, the Agency implemented Kaizen philosophy in Hawassa and Meqelle branches, according to Muluwork Setegn, planning, follow up and evaluation director at the Agency. Through implementing Kaizen philosophy, the Agency minimised the number of its rental warehouses from 23 to three. Drawn from this experience, the Agency plans to implement the philosophy in its 15 branches and has begun to give training at its Hawassa, Meqelle, Bahir Dar and Jimma branches. During the recently ended fiscal year, 14 billion Br worth of pharmaceuticals and medical equipment were distributed to 4,588 governmental medical institutions. The Institute, which was established in 2011 under the initiative of the late Prime Minister Meles Zenawi, has enabled 600 factories and service-providing companies to save nearly 2.8 billion Br by managing waste through the implementation of the Kaizen philosophy.


Radar

EagleLion, CBE, Dashen Roll Out New Remittance Platform

EagleLion, in partnership with the Commercial Bank of Ethiopia (CBE) and Dashen Bank, unveiled a suite of digital services to modernise remittances at an event held on August 26 at the Sheraton Addis. The platform integrates three solutions: an agency remittance system linked to the national ET Switch for real-time transfers to over 30 banks with full forex settlement; GiftEthiopia.com, enabling Diaspora users to send products, cash, or gift cards directly; and a unified gateway that brings mul...


Radar

Bank of Abyssinia, Fastpay Seal Digital Remittance Deal

Bank of Abyssinia has partnered with Fastpay LLC to launch a digital remittance platform powered by Cybersource technology. Signed at the Hyatt Regency on August 28, the agreement enables Ethiopians abroad and diaspora members to send money directly through the Fastpay app using Visa or MasterCard. Fastpay says its service stands apart with instant transfers, credit card support, single transactions of up to 10,000 dollars, and zero fees. The bank expects the platform to improve customer experi...


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...