Cooperative Bank Donates 70m Br to Drought Response Efforts

Feb 26 , 2022

The Cooperative Bank of Oromia has donated humanitarian supplies worth 70 million Br to drought-stricken areas of Oromia Regional State. The supplies include food and animal fodder to be distributed to five zones, including East Bale, Borena and Guji. More than half a dozen zones in Oromia, an additional 10 in the Somali Regional State, and areas of the Southern region, are suffering from what the United Nations describes as the "worst drought the country has seen in four decades." Humanitarian organisations estimate that around seven million livelihoods in the regions are in need of live-saving support. Millions more are in a similar predicament in neighbouring Kenya and Somalia as well.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...