Petroleum Company Unveils a 73m Br Service Outlet

Sep 23 , 2023


[ssba-buttons]

TotalEnergies Marketing Ethiopia relaunched one of its service outlets with a 73 million Br investment that focused on safety equipment, including leak detectors and alarms. As a result, the station has raised its storage capacity by 150 and enhanced its service to accommodate up to 10 vehicles. According to Christophe Ferron, managing director, an electric vehicle charging station will be available, as they aim to contribute to the renewable resource transition and the reduction of carbon emissions by 2050. Jean-Phillipe Torres, senior vice president of TotalEnergies Africa, disclosed the company plans to invest more than five billion dollars worldwide in renewable energy development this year. It has invested two billion dollars for the development of renewable energies in 2021, and three billion dollars in 2022. The ceremony on Africa Avenue (Bole Road) last week saw the attendance of senior management such as Olivier Van Parys, executive vice president -Mediterranean & Indian Ocean and French Ambassador Remi Marechaux. TotalEnergies Marketing Ethiopia, established in 1950, is a petroleum product distribution company. It acquired Mobil Oil East Africa assets in 2006 and now operates 142 service stations and four depots with 105,000 employees nationwide.


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...