Capital Gets New Bread Factory

Oct 16 , 2021


[ssba-buttons]

A bread factory built at a cost of 217 million Br was inaugurated in Addis Abeba last week. Resting on 6,000sqm of land in the Lemi Kura District, the factory has the capacity to produce a million pieces of bread a day and is expected to create job opportunities for 450 people. The factory was inaugurated and handed over to the City Administration in a ceremony held in the presence of the Zinash Tayachew, spouse of Prime Minister Abiy Ahmed (PhD), and Adanech Abiebie, mayor of Addis Abeba. The latest project follows in the footsteps of Sheger Bread Factory, built by the MIDROC Investment Group in cooperation with the City Administration. Constructed last year, the factory is producing way below capacity because of wheat shortages and most of the shops opened to supply its output are closed as a result.


Radar

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...