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Metal Products Manufacturer Eyes Sebeta Expansion Project

Nov 20 , 2021

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A private company in the manufacturing of steel structures has requested 100hct of land in Oromia Special Zone to realise its expansion plan. Woda Metal Industry Plc has a plant in Sebeta town, 35Km west of Addis Abeba, for the manufacturing of steel structures such as telecom towers, high voltage cables and metal bellows, with an investment of 30 million dollars. Its managers want to expand this facility, erecting three assembly lines for electric cars, transformers and tyres. Close to 500 medium and large basic metal and engineering industries with a combined annual production capacity of 11 million tonnes operate in the country. Out of the total, 28pc are foreign companies.

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Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...

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Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...

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Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...

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