GARDX Vehicle protection system demonstration event

GARDX Vehicle protection system demonstration event

On Wednesday Feb 26, 2020, our Marketing and CEX department in collaboration with Inchcape PLC & GARDX arranged the demonstration of the complete vehicle protection system ( VPS )  called GARDX to MOENCO employees selected from different departments .

The demonstration was conducted on Wednesday, Feb 26 and Thursday Feb 27, 2020 first with the opening remark of Marketing and CEX director Daniel Zenebe by welcoming participants, introducing the International Development Manager of Gardx ( Mr. Richard Hage ) and giving short briefing about the product to attendants.

The event was a two days program on Wednesday and Thursday incorporating 80 participants divided in three groups from Sales, after sales, and branches. The two day program contained a classroom and demonstration secession.

Participants were able to see the live application of GARDX demonstrated by the GARDX expert and our paint technicians got a good opportunity to engage with the expert, ask questions and sharing experiences.

The GardX Vehicle Protection System with powerful Nanotechnology forms a highly resilient protective coating over paintwork that shields it from environmental pollutants and provides a spectacular high gloss showroom finish that retains its appearance wash-after-wash. The GardX System also protects a vehicle’s interior.  GardXʼStain Guard ensures that car seat fabrics and carpets will resist against staining and remain fresh, smart and clean.  For leather seats GardX Leather Guard will not only protect against stains, but will also keep

the leather soft and supple, like new for years. The Vehicle Protection System also provides glass guard and tire inflation making driving a far safer experience.

On top of your busy schedule and end of month sales rush, we thank you every one for the great participation and launching of GARDX in Ethiopia MOENCO.


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GO Green Ethiopia

Following the national 4 billion trees planting project which was officially launched by Prime Minister Abiy Ahmed, MOENCO’s employees planted over 500 trees on Monday July 29, 2019, at Adwa Park Addis Ababa. The campaign is set to mobilize national reforestation program backing the National Greening Initiative.  Mr Abiy kicked off the tree-planting exercise which is taking part in 1,000 sites across the country. And it planned to break world record through planting 200 million tree saplings on July 29, 2019 under the auspices of Green Legacy national project.


As part of this program , A press conference was held in Sheraton Hotel in Addis Ababa On Friday July 26,2019,            with  eight companies including Coca Cola , OCP group , National Tobacco enterprise  ( JTI ) , United beverages , Cepheus & Pitterds.





The organizer MLA (MihretAb Leuel & Associates Law Office ) , Ato Mihrete Ab Leul , stated that all this corporate companies are participating in this initiative to mark the companies full alignment  with the government national greening development program which aims to counter the effects of deforestation and climate change in the drought-prone country.

Our Managing Director Mr. Francis Agbonlahor, stated the huge importance of the national greening campaign and MOENCO as a supporter of mobility solution in Ethiopia, is very happy to be part of this campaign. Francis said “we believe in Ethiopia’s future, and continue to invest in Ethiopia what is good for business, for our customers and future generations”

Over 200 staffs participated in this ambitious campaign. We are privileged to be part of this historical event and will continue to support the initiative at all times.

DBE Received 26 vehicles from MOENCO

DBE Received 26 vehicles from MOENCO

The Development Bank of Ethiopia has purchased 36 duty free vehicles from MOENCO for 13 medium and small-scale enterprises engaged in Tour Operation. The 36 vehicles are off road vehicles with a high performance designed for application on every kind of terrain.

This transaction is the last year’s sales realized based on special arrangement extended by the bank for the first time to lease financing credit facility for credit worthy borrowers engaged in development business including foreign currency generating business like Tour Operations in order to dodge challenges related to finance needed for capital goods. The Bank managed to secure the vehicles by arranging its own foreign currency for 42 million birr ($ 1.5 million) using a money from World Bank.

MOENCO’s top management, DBE management staff, and customers / tour operators have attended the handing ceremony held in the company’s compound on February 7, 2019. In the event, out of the 36 vehicles 26 were transferred to the Bank and the remaining ten vehicles are expected to be imported within a month period.

Following the event Ato Teshome Alemayehu, Vice President of the Bank's Small and Medium Enterprise Finance Fund, received keys of vehicles from Ato Seife Getahun, MOENCO, Finance Director, representing the Managing Director.

Ato Teshome, congratulated the beneficiaries that they are the first to use this lease financing service in Tour operation business. In addition, he extended his gratitude for MOENCO staffs for the great effort conveyed in facilitating the purchase process.

Meanwhile, Representative of the Ministry of Culture and Tourism, Wzo Mamit Yilma expressed her appreciation for the encouraging contribution of the Bank to the development of the tourism industry. She also said that the Ministry of culture and Tourism will monitor the tour companies to ensure that the vehicles are used for the intended purpose.

Finally, Ato Seife expressed MOENCO’s gratitude to the customers for choosing Toyota and underscored MOENCO’s continued commitment to render dependable aftersales service to the best satisfaction of its customers. Moreover, MOENCO is ready to go extra mile for customers who could avail foreign currency by their own sources.