Midroc Gold Expands with Million Dollar Machine Investment

Sep 1 , 2024


[ssba-buttons]

Midroc Gold, a leading company in gold mining industry, has upgraded its operations with the acquisition of new heavy mining equipment, valued at over 1.5 million dollars. The delivery of two Komatsu excavators and a motor grader took place at the Legadembi Midroc Gold mine last week. Midroc is engaged in the extraction and processing of gold through its open and underground pits at the Legedenbi and Sakaro extraction sites, and a processing plant nearby. Ries Engineering, the distributor of brands like Ford, partnered with the Japanese company Komatsu last December. According to Tsegaye Demeke, sales manager, more equipment orders from Midroc are in the pipeline. The partnership also includes a service and maintenance agreement and training to ensure optimal operation of the new machinery. He said the machines are expected to boost productivity, minimise downtime, and enhance safety standards at the mine.


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...