Candle Factory Goes Up in Blaze

Jan 19 , 2019


[ssba-buttons]

An accidental fire fully engulfed and destroyed the Intema Candle Factory, found on the outskirts of Addis on the way to Burayu overnight on January 15, 2019. The fire which broke out around 3:00am also damaged two shops and one house, causing total damages of 11 million Br, according to Addis Abeba Fire, Emergency Prevention & Rescue Agency. The Agency deployed 80 firefighters from five branches and 13 fire trucks to control the fire. Goods estimated to be worth half a million Birr were destroyed from the shops, according to the Authority. One firefighter sustained a light injury in the process of containing the fire, but the team was able to save seven million Birr worth of property, according to Sileshi Tesfaye, public relations officer of the Agency. The cause of the fire has not been identified yet, according to him.


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...