Inspection Firm to Join Hawasa Industrial Park

Mar 9 , 2019


[ssba-buttons]

SGS, a multinational company headquartered in Switzerland, will establish a fabric and garment testing laboratory in Hawassa Industrial Park. Currentlyc manufacturers must send samples overseas to test their products, which experts say is costly and time consuming. SGS is an inspection, verification, testing and certification company. It has more than 97,000 employees and operates a network of more than 2,600 offices and laboratories around the world. Ethiopia is touted as having a big potential in the textile industry. More than 65 textile investment projects have been launched by foreign investors in the last six years. The government planned to earn 779 million dollars from exports in the textile and garment industry by the end of the Second Edition of the Growth & Transformation Plan (GTP II) in 2020. Recently, the National Bank of Ethiopia legislated a new law that enables companies in the industrial parks to transact in foreign currency. The directive is aimed at benefiting indirect exporter companies like SGS.


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...