Ethiopia’s flag carrier Ethiopian Airlines has concluded a loan agreement of 50 Million Euros with the Agence Française de Développement (AFD). The loan is going to used for financing the construction of the new state of the art cargo terminal.
Ten government agencies and a trade association signed a Memorandum of Understanding (MoU) here in Ethiopia on Saturday, June 21, 2014 for the execution of project called One Window Technology for International Trade. The project is estimated to cost U.S $ 7.3 Million and expected to save the country 16 Billion Birr in two years time.
Add a comment Add a commentSheba Investment Plc is going buy more shares of National Tobacco Enterprise (NTE) in order to get majority share of 60 percent of Ethiopia’s sole tobacco producer and distributor.
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Repi Soap and Detergent S.C. signed a joint venture agreement with Wilmar International Limited for the purpose of upgrading the Repi manufacturing facility as well as building a new integrated manufacturing complex in the Oromia State, Sebeta town. Repi is a sister company of AL-SAM Plc and Wilmar is a Singaporean agribusiness group.
During the 4th Ethio-Canada Bilateral Consultation official of Ethiopia and Canada affirmed they will strengthen ties in the areas of trade and investment and also cement former deals.
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