Ethiopian Miner, Australian University Sign Deal to Grow Sector

Nov 16 , 2019


[ssba-buttons]

Kefi Tulu Kapi Mining Company and the University of Western Australia School of Mines signed a memorandum of understanding. The signing was held at the headquarters of the Ministry of Mines & Petroleum to equip the workforce with the necessary skills for the growth of the industry on November 13, 2019. "The government of Australia recognises the significance of this industry for the growth of the country’s economy," said Peter Doyle, ambassador of Australia, during the signing ceremony. Ethiopia's mining industry has been in decline over the past several years. While it only generated 49 million dollars in the past fiscal year, the sector brought in 650 million dollars six years ago. "We will work with the Ministry to match international practices with young Ethiopian professionals," said Harry Anagnostaras Adams, executive chairman of Kefi.


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...