City Receives Donations Worth 36m Br

Aug 16 , 2020

USAID and Save the Children have donated emergency cash worth 26 million Br to 4,429 households in Addis Abeba for the response against the Novel Coronavirus (COVID-19). The assistance, received by Deputy Mayor Takele Uma, will directly go through as cash support to sustain the households for three months, according to the City Administration. In parallel to this, BamaCon Engineering Plc, a construction company in the capital, has provided 100 ventilators worth close to 10 million Br to the City Administration. The ventilators are expected to serve in intensive care units for up to 200 COVID-19 patients a day. The Ethiopian Industrial Inputs Development Enterprise also donated COVID-19 emergency supplies to vulnerable parts of the society.


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...