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Chinese Firm Obtains Bentonite Extraction License

Mar 9 , 2019

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Arerti Ceramic Manufacturing, a Chinese company, has obtained a bentonite mine extracting license from the Ministry of Mine & Petroleum. The agreement was signed on March 8, 2019, between Samuel Urkato (PhD), minister of Mine & Petroleum, and Shu Shawafeng, CEO of Arerti Ceramics Manufacturing. The concession will last for 10 years. Arerti will mine bentonite in Amhara Region’s Northern Shewa Zone, specifically Anegolela Woreda, to use it as a raw material to make ceramics. The Chinese company has allocated around 41.1 million Br for mining operations. It is also expected to create jobs for 30 people, while the ceramic manufacturing plant will employ 3,000 people.

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Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...

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Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...

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Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...

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