Oil Company Expands Services through Outlets

Apr 29 , 2023

Drivers waiting in line to fill up their fuel tanks around the Bole area get to treat their sweet tooth as a gas retail outlet and ice cream shop partner to provide service. Sosida Gelateria & Bakery opened its sixth branch at one of the retail outlets of OLA Energy last week. According to the executives of OLA, the partnership is part of the company's mission to provide an all-in-one service place while customers make their way to one of its service outlets. The company plans to expand to non-fuel services partnering with car washes and repair services, financial technologies and fast food services. Formerly OiLibya Ethiopia Ltd, OLA Energy Ethiopia Ltd. rebranded last year and is on its way to integrating with retail outlets and channels that have been providing fuel, oil and lubricants through its 181 outlets.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...