IPDC Inaugurates New Management System

May 23 , 2021


IPDC Inaugurates New Management System

The Industrial Parks Development Commission (IPDC) launches an enterprise resource planning (ERP) that will automate business functions across its 13 industrial parks. The system allows for the integration of business processes across finance, human resource, sales and distribution systems, and the move is aimed at improving organisational efficiency. The software was purchased from US-based firm Oracle while implementation was handled by SoftPro International, a Mauritian company. SoftPro was selected from among seven firms that competed in the bid to implement the system. The entire process was funded with 700,000 dollars in financing from the World Bank. Two notable domestic institutions, Ethiopian Airlines and the Commercial Bank of Ethiopia (CBE), already utilise ERP systems from Oracle.


Radar

Ministry Revokes Hundreds of Mining Concessions

The Ministry of Mines has revoked the licenses of 972 for alleged non-compliance with the terms of their exploration and production permits, and involvement in illicit trade.  Among those on the receiving end of the measure is Kefi Gold, a firm that has been conducting gold exploration in the Western Wellega Zone of the Oromia Regional State for over a decade. The 2,000hct exploration area is estimated to hold deposits of close to 50,000Kg of gold. Last week, the National Bank of Ethiopia ap...


Radar

World Bank, Fed Agree on $715m in Funds to Fight Food Insecurity

The World Bank Group and the Ministry of Finance have signed an agreement for 715 million dollars to go towards fighting food insecurity. Most of the financing (600 million dollars) is earmarked for the implementation of a Food Systems Resilience Programme. A third of the amount is in the form of grants, while the balance is credit. An additional 115 million dollars is pledged for improving access to financial services and bolstering economic activity in pastoralist areas. The areas target...


Radar

DISRUPTION HOPEFULS

Youths checkout a booth at the AddisRupt Expo 2022, which was hosted at Safari Hotel on June 25, 2022. The expo focused on technological and entrepreneurial work, showcasing over 20 startups to visitors. The promoters of the expo aimed at connecting startups with investors and was organized by firms such as LinkUp Addis, Profit Marketing and Afromile Trading...