Policy Bank Allows Machine Rentals

The Development Bank of Ethiopia lifted the ban on the rental of leased farm machinery to third parties for agricultural mechanisation. The system enables borrowers to own the machines when they complete paying the loan. But borrowers have not been allowed to rent the machines to a third party before. “This procedure is now changed,” said Teshome Alemayehu, vice president of the Small & Medium Enterprises Financing at DBE. “In order to boost the agriculture mechanization, the Bank lifted the ban.” Currently, the borrowers are mainly farmers unions. “The bank facilitates lease financing for individuals who want to rent or buy the machines,” said Teshome. “We have full capacity to deliver service to those who want the lease finances.”


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...