Companies Ally to Assemble Medical Equipment

Jan 26 , 2019

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.


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...