Corporation Avails Digital Platform for Minerals

Jul 15 , 2023

A digital trading platform set to simplify trading gemstone minerals such as opals, rubies, emeralds, and sapphires came live by the Ethiopian Minerals Corporation last week at Sheraton Hotel on Taitu Street. Dubbed "", the platform aims to provide a secure online marketplace where buyers around the world can browse through the collection of gemstones identifying the characteristics, grading and origin through the digital platform. The state-owned mining operator, formerly known as Ethiopian Mineral and Bio-fuel Corporation, was re-established with 4.17 billion Br paid-up capital by the Council of Ministers three years ago. The system was developed by Eaglion System Technology Plc, partnering with Dashen Bank. It supports MasterCard's gateway as a payment system while EthioPost covers the logistics. According to Rahel Getachew, CEO of the Corporation, the system hoped to bring transparency and convenience where the industry had 'struggled' with inefficiencies for far too long. Gold exports significantly declined last year, meeting only 35pc of the intended target, mainly due to the rise in illegal contraband trade by foreign actors, according to the Ministry of Mines.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...