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

Jun 4 , 2022

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.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed arl-shipping.com, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...