2merkato

The Modjo-Beki-Batu expressway, built at a cost of some 6.3 billion birr, has officially begun operations. The 92km long and 32m wide expressway, having five international standard tolling stations, is the third toll road for Ethiopia, after the Addis Ababa-Adama, and the Dire Dawa-Dewale expressways.

African investors based in Djibouti have expressed intention to open a state-of-the-art abattoir in Ethiopia. The group of investors made the announcement during a three-day investment tour to Ethiopia, which aimed at assessing and adding value to the enormous and untapped massive livestock resource Ethiopia has.

The Ethiopian government has signed a joint development agreement with OCP Group, a Moroccan state-owned phosphate rock miner, phosphoric acid manufacturer and phosphate fertilizer producer, to implement a fertilizer project in Dire Dawa, Ethiopia's Ministry of Finance announced.

Ethiopia announced it has secured over $676 million during the first two months of the Ethiopian fiscal year that started July 8, 2021, surpassing its target of $643 million for the period by over 5 percent.