Ethiopia Secures $77m from Oil Seed Export

Jul 18 , 2021


[ssba-buttons]

The export of oil seeds, pulses and edible oil products brought in 77 million dollars over the first 11 months of the just-ended fiscal year. The export of processed oil seeds and unprocessed avocado oil has more than doubled in comparison to the previous year, according to the Food, Beverage & Pharmaceutical Industry Development Institute. Hilina Enriched Foods Plc registered as the highest earner amongst suppliers for its export of processed nuts, securing around 17.5 million dollars. It is followed by Ambasel Trade Works, which secured nearly half a million dollars from exporting roasted sesame. Sunvado Plc, a Dutch company operating in Yirgalem Agro-Industrial Park, earned 1.7 million dollars from the export of unprocessed avocado oil.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...