City Inaugurates Qality Bus Depot

May 16 , 2020

The Qality Bus Depot, built for 790 million Br, was inaugurated on May 16, 2020, in the presence of Deputy Mayor Takele Uma. Qality Bus Depot, which rests on five hectares, has a garage, washing and fuel supply facilities, and an administration building. With 12 vehicle washrooms and four gas stations, the Depot can accommodate 250 to 300 buses on its ground-level floor and 85 buses on the underground floor. It is also fitted with security cameras along with a dispatch service centre. The Depot will be providing service to the 3,000 buses the Administration plans to buy. The Administration has additionally secured two hectares of land adjacent to the Depot for its expansion. The deputy mayor, in his speech at the inauguration, cited the Depot and Sheger Bakery as examples of projects focusing on benefiting middle and low-income citizens.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...