Belay Ab Motors Latest Ethiopian News

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Flour and Biscuit Factory Breaks Ground in Debre Sina

A local food processing firm has constructed a flour and biscuit processing plant in Debre Sina town, 145Km north of the capital, with a total investment of 210 million Br.

Vita Hydro Agro-Processing Plc, a sister company of Belayab Food Production Plc owned by three foreigners and two local business people, invested in the plant, which rests on two hectares of land. The company leased the land from Tarmaber Wereda’s land administration office and got a business license from the Ethiopian Investment Commission.

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Jano Bank, a new investment bank under formation starts selling shares

Jano Bank, a new investment bank under formation, has started selling shares after getting a green light from the National Bank of Ethiopia (NBE). Zenabu Belay, co-owner of Belayab Motors and Belayab Cables; Shiferaw Habte, founder of Wub Water; and Alemayhu Kebede (PhD), former president of Debre Tabor University, are among the founders of the Bank.

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Products and Services in Ethiopia

Date: Jan 11, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.381350.3689
EuroEuro(EUR)55.934257.0529
Pound SterlingPound Sterling(GBP)64.098765.3807
UAE DirhamUAE Dirham(AED)12.165612.4089
Saudi RiyalSaudi Riyal(SAR)11.905012.1431
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