Oromia Region, Sinqe Bank Ink Deal to Control Cement Price Hikes

Jun 4 , 2022


[ssba-buttons]

The Oromia Regional government has inked a deal with companies in the region in an effort to bring down the ever escalating price of cement. The agreement was signed with organisations such as Sinqe Bank and cement factories operating in the Oromia region with the hopes of bringing down the price of cement. The upward spiralling cost of cement has often been blamed on shortages but also on intermediaries that pass on “unjustifiable” markups to end-users. The Oromia regional government, together with Sinqe Bank, has organised more than a thousand unemployed youths in more than 300 unemployed associations to put them into the cement business, and further formalise the industry.


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...