Hawassa Industrial Park Generates $38m

Dec 29 , 2018


[ssba-buttons]

The Hawassa Industrial Park earned 38 million dollars in the last two years through exporting textile goods. The forex was earned from the production of 20 local and foreign firms in the industrial park. The park was built by China Civil Engineering Corporation in 2016, created job opportunities for 23,000 Ethiopians, who are also receiving practical skills training to enhance their capacities. “Ethiopia hopes to build and commission 30 industrial parks by 2025,” says Mekonnen Hailu, communication director of the Commission. “This is part of the effort to make this country a manufacturing hub and build a middle-income economy.” Three weeks ago, Prime Minister Abiy Ahmed (PhD) had inaugurated Jimma Industrial Park, which was built with the cost of 61 million dollars.


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...