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Ethio Telecom fights telecom fraud

-To disable 2.7 million counterfeit mobile phones The state-owned telecom monopoly, Ethio Telecom, is fighting a telecom fraud committed by individuals using illegally imported VSATs and other telecom gadgets that bypass the company’s satellite network.

Hilton among 10 entities up for sale

The Ministry of Public Enterprises is to fully transfer 10 enterprises to private ownership. These enterprises are expected to be up for auction the current fiscal year.

Company on 300 mln birr expansion, eyes mining

- Nation makes first ever aluminum export Kality-based B & C Aluminum PLC is undergoing a 300-million-birr expansion project with a view to diversifying its products and catering to a wider clientele – both domestic and foreign.

Startup incubator partners with entrepreneurship mentor

The partnership between the UK based not-for-profit Mowgli Mentoring Foundation and blueMoon PLC, a youth agribusiness incubator and seed investor founded by Eleni Gabre-Madhin (PhD), the founder and former CEO of the Ethiopian Commodity Exchange (ECX), announced this week that the first batch of young entrepreneurs who have demonstrated workable ideas in agribusiness will start their mentoring program Mowgli is set to provide until end of February this year.

Chinese donkey abattoir petitions PM’s office

The controversial Shandong Dong Group, a Chinese donkey abattoir, based in Bishoftu (DebreZeit) of Oromia Regional State, is awaiting a response to the compliant it lodged with the Office of the Prime Minister a couple of months ago with regard to what they claimed to be unfair closure of their donkey slaughterhouse.

Dangote reconciles with local community

Dangote Cement, the largest cement factory in East Africa, held New Year celebrations with its employees and local community on the eve of the Ethiopian New Year on September 9 at the premise of the cement plant located 85 km west of Addis Ababa.