Companies Ally to Assemble Medical Equipment

Jan 26 , 2019


[ssba-buttons]

Local and international companies, which engage in the manufacturing, import and maintenance of biomedical equipment, have allied to establish a medical equipment assembly plant for 10 million dollars. A Chinese manufacturer of biomedical equipment, Guangzhou Wondfo Biotech, is establishing the plant with its three local distributors, including Ray EZM Import Export Plc and Delta Instrument Technology. Guangzhou Wondfo is mainly engaged in research, manufacturing and sales of point-of-care testing (POCT) instruments, POCT reagents and related products. The owners are planning to reside in the under construction Qilinto Pharmaceutical Industrial Park of the Industrial Parks Development Commission (IPDC), according to Yordanos Berhanu, the national project coordinator.


Radar

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...


Radar

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...


Radar

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...