Gelan Gets Food Processing Plant

Oct 12 , 2019


[ssba-buttons]

A flour factory built at a cost of over 42 million Br by Oromia Agricultural Cooperative Federation was inaugurated on October 10, 2019. The Plant has a production capacity of 1,200ql of maize flour a day. Moreover, the complex, which is built at Gelan town of Oromia Regional State, has created 200 jobs. The plant will produce maize flour with the objective of meeting local demand and for export, according to Askeberach Belayneh, director-general of the Oromia Agricultural Cooperative Federation. Oromia Agricultural Cooperative Federation, which was established in 2009, has 64 unions under it with over three million farmers and pastoralists as members.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...