Awash Donates 30m Br for 'Dine for Nation'

Sep 27 , 2020


Awash Bank has invested 30 million Br in the recently launched fundraising event dubbed "Dine for Nation" to develop tourist destination sites in Wonchi, Gorgora and Koisha. The Bank has also announced that it has distributed 2.2 billion Br worth of the new notes across its 473 branches in the country from the 4.1 billion Br notes it received from the central bank. This also includes the dissemination of new currency to other private banks. Awash had bought a 25 million Br bond for the Great Ethiopian Renaissance Dam (GERD) and donated 10 million Br for the efforts against the Novel Coronavirus (COVID-19) pandemic. The Bank was also recently awarded as one of the higher taxpaying companies, paying 1.3 billion Br in the last fiscal year. The 26-year-old Bank had registered an annual gross profit of 4.2 billion Br for the same year.


Radar

Railway Corp Launches Online Booking, Mandates Fayda ID for Travel

Ethio Djibouti Railway (EDR) SC announced the online booking platform starting in February for public passenger transport services. The EDR also announced that all travel bookings are mandated to provide Fayda, the national ID for booking and traveling. Takele Uma, CEO of EDR, stated that the company has diversified its business model due to the high demand for national cargo shipment and logistics service. EDR launched a three-year strategic plan last week aiming to introduce new capabili...


Radar

Ethiopost Embraces Space Technology to Revolutionize Mail Delivery

Ethiopost, the national postal service, signed a Memorandum of Understanding (MoU) with the Ethiopian Space Science & Geospatial Institute (SSGI) to modernize its delivery services, aiming to integrate advanced mapping and satellite technology into Ethiopost's logistics framework. By incorporating updated maps, Ethiopost seeks to improve door-to-door delivery services towards faster and more reliable delivery times. At the signing ceremony last week, Ethiopost CEO Dagmawi Hailiye stres...


Radar

Land Allocation Surpasses Target, Parliament Urges Timely Project Completion

The Ministry of Urban & Infrastructure provided over 11,000hct of land through allocation and bidding in regional and city administrations, surpassing the planned 7,000hct, according to the Ministry's half-year report. Parliament's Urban Infrastructure & Transport Affairs Standing Committee reviewed the Ministry's half-year plan performance report, urging the Ministry to ensure construction projects are completed on time and within budget. Minister Chaltu Sani also reported that 16 small...