Amhara State Attracts 1,671 Investments

Jul 20 , 2019


[ssba-buttons]

Amhara Regional State issued 1,671 investment licenses with a registered capital of 39 billion Br during the recently ended fiscal year. These investments could create jobs for 204,000 people, according to Yihnew Alem, head of the region’s Industry & Investment Bureau. Dejen Cement Factory and Bure Edible Oil Factory are among the major new investments in the regional state. Dejen Cement Factory is being built by Abay Industrial Development S.C at a cost of 8.8 billion Br. It is expected to be completed in the next two years and start producing 5,000tn of cement a day. Bure Edible Oil Factory, which rests on 30ha of land in West Gojam and was started with 2.5 billion Br in investment, will have a capacity of producing 1,400tn of edible oil a day. This is expected to cover 60pc of the country’s edible oil demand.


Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...