Fed Purchases over $43m L Palm Oil

Jan 7 , 2023

The Ministry of Finance has announced the purchase of over 43 million litres of palm cooking oil from the Golden Africa Company in Djibouti to provide the public with affordable edible oil. The contract was signed by the Ethiopian Industrial Resources Development Organisation, Ethiopian Business Corporation and the Ministry guaranteeing over 69 million dollars to the Commercial Bank of Ethiopia. The federal government earmarked 400 million dollars to import crude palm oil a few months ago, mainly from Malaysia, for distribution to five large-scale edible oil plants. The central bank adjusted its priority list for forex allocation by commercial banks. Inputs for edible oil production were at the top of the list, alongside medicine, pharmaceutical, and laboratory reagents.


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 arl-shipping.com, 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...