Dilla Industrial Park Construction Concludes

Jan 9 , 2021


The construction of Dilla Industrial Park, located in Southern Nations, Nationalities & People's Regional State (SNNPR), has been completed. The Park, whose construction commenced two years ago, lies on 20ha of land and consumed 400 million Br. Dilla Industrial Park, which is expected to create thousands of jobs, is ready for investors and associations engaged in coffee processing, animal husbandry, fruit and honey production, according to Birru Wolde, CEO of the region's Industrial Park Development Corporation. The regional Industrial Park Development Corporation is also constructing another park in the region, Yirgachefe Industrial Park, which is reaching its completion. Currently, there are 24 industrial parks in the country; seven of these parks are privately owned, while four are agro-industrial parks developed by regional governments.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email