Fertiliser Giant's Subsidiary Tackles Soil Acidity


Fertiliser Giant's Subsidiary Tackles Soil Acidity

USAID and OCP Ethiopia Fertilisers Manufacturing PLC (OCP-EFMC) have partnered to tackle soil acidity, aiming to boost crop yields and farmer incomes. By introducing innovative fertiliser blends, the collaboration seeks to address the widespread issue of acidic soil, which hampers agricultural productivity. The partnership is demonstrating the blends through field trials in various regions. This initiative aligns with Ethiopia's goal of increasing fertiliser production to meet growing demand and improve food security. Established in September 2015, OCP-EFMC is a subsidiary of the OCP Group, a leading global provider of phosphate-based fertilisers. The company focuses on teff, maize, sorghum, wheat, sesame and coffee. Sofia Kassa (PhD), state minister for Agriculture, outlined plans to increase blended fertiliser production to 200,000 tns per year, covering 20pc of Ethiopia’s fertiliser requirements.


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Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....


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Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...


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Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...