Bole Lemi, Dire Dawa Industrial Parks Welcome Investors

Oct 23 , 2021


[ssba-buttons]

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

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...