Bole Lemi, Dire Dawa Industrial Parks Welcome Investors

Oct 23 , 2021


Elauto Engineering and Trade Plc, a vehicle assembler, and Dimitrius Kampouris Plc, a textile manufacturer from Greece, have signed agreements with the Industrial Parks Development Corporation (IPDC) to secure land in the Bole Lemi and Dire Dawa industrial parks. The agreements were signed in the presence of Sandokan Debebe, head of the IPDC, Bekele Abebe, CEO of Elauto, and Dimitrius Kampouris, general manager of Dimitrius Kampouris Plc. Elauto has secured 1.8ht of land in Dire Dawa Industrial Park with a total investment of 700 million Br. The Greece-based textile manufacturer plans to begin production next year on 1.8ht of land at Bole Lemi Industrial Park. Bole Lemi became operational in 2014, Dire Dawa followed six years later.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email