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Four Construction Firms Suspended in Addis Ababa,…

Feb 9, 2016 | 2merkato Editor | Latest Business Alerts

The Addis Ababa City Roads Authority (AACRA) suspended four construction firms from upcoming projects in Addis Ababa, Capital reported.

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Fuel Retail Price Reduced in Ethiopia

Feb 8, 2016 | 2M Editor | Latest Business Alerts

The Ministry of Trade revised fuel prices which are to be effective as of February 6, 2016, Fortune reported.

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Chinese Company to Invest in Energy Development in…

Feb 8, 2016 | 2M Editor | Latest Business Alerts

The State Grid Corporation of China (SGCC) is going to be the second to invest in Ethiopia in energy development for the generation of electric power, Capital Reported.  The US –Icelandic...

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Ethiopia's Textile Industry Export Lags Behind

Feb 8, 2016 | 2M Editor | Latest Business Alerts

The Ethiopian Textile Industry Development Institute (ETIDI) noted that exports for the first six months of Ethiopian fiscal year 2015-2016 were lagging behind, achieving only 70% of the planned target,...

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Kenya’s Plan to Import Electricity from Ethiopia B…

Feb 5, 2016 | 2M Editor | Latest Business Alerts

Kenya’s Electricity Transmission Company stated that the import of cheap electricity from Ethiopia had progressed highly with the plan of constructing high voltage lines commencing in May, Fana Broadcasting Corporate...

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Exchange Rates

Selling
Buying
USD 21.6012  21.1776 
GBP 31.3325  30.7075 
EUR 24.1177  23.6321 
CHF 21.8083  21.3592 
CAD 15.5236  15.2138 
AED 5.8812  5.7656