City Issues 59,416 Trade Licenses

Aug 3 , 2019


[ssba-buttons]

Addis Abeba Trade & Industry Bureau has granted 59,416 trade licenses of the planed 64,567 in the past fiscal year, meeting 92pc of its target. During the reporting period, the Bureau also renewed 223,364 licenses. “We faced the challenges of infrastructure, input shortages and boundary demarcations,” said Fentahun Eyayhu, director of trade & industry development at the Bureau. “We have to avoid illegal trade activity, because it is the main reason for increasing the high cost of living,” said Endaweq Abite, head of the Addis Abeba Trade & Industry Bureau in the rank of deputy mayor. To stabilise the market, the Bureau distributed 851,166ql of wheat, 1.1 million quintals of sugar and 80 million litres of edible oil in the past fiscal year.


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...