Djiboutian bank, Red Sea Trade & Industry Bank (BCIMR), opened a representative office here in Ethiopia. The inaugural ceremony which was held in Sheraton Addis was attended by the Bank’s director general Jean Pierre Gianotti.
Add a comment Add a commentEthiopia’s state owned Metal and Engineering Corporation (METEC) under its locomotive industry has started producing railcars in the aim of substituting them locally.
Add a comment Add a commentOne of Ethiopia’s wind farms that are under construction, Adama II wind farm, is expected to be completed and start generating 153 megawatt in June. The project is being carried out an outlay of USD 345 million.
Add a comment Add a commentOne of Ethiopia’s private banks, Abay Bank S.C., disclosed it made 93 million Birr profit during the first six months of its current fiscal year.
Add a comment Add a commentOne of Ethiopia’s local petroleum distributing company, Yetebabaerut Beherawi Petroleum S.C., is set to establish a joint venture with Mesfin Industrial Engineering (MIE), an Ethiopian company, and the American based Global Electric Transport (GET). The joint ventured is going to assemble electric vehicle, service and public transportation solution.
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