A new paper collection system which includes bikes with collection carts is to be introduced by Penda Manufacturing PLC. The new collection system called” Worke” will cover 40 locations in Addis.
Add a comment Add a commentThe World Bank approved USD 1.2 billion in grants and loans to Ethiopia. According to a statement posted on the bank’s website, the funds, a USD 600 million grant and a USD 600 million loan, will be used to assist reforms in the financial sector including improving the investment climate.
Add a comment Add a commentAn industrial park is going to be constructed by Turkish investors in southern Tigray zone Ade Gudem town, Hintalo woreda , at a cost of €750 million. The park will be constructed on 500 hectares of land.
Construction of the park will begin in March and is expected to be finalized within two years time.
Add a comment Add a commentSani Redi, Ethiopian Commodities Exchange’s (ECX) former board chairperson, is replaced by Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NBE). ECX’s board of directors, which was formed recently, has a total of 11 members, of whom six are from government offices while the remaining five members represent the private sector.
Add a comment Add a commentHaile Hotels & Resorts is to complete refurbishing Landmark Hotel and open its sixth resort in Gondar. The company spent Birr 15 million to renovate Landmark Hotel which is located at the bottom of the hillside of Genet Terara, the gateway to Asmera. Landmark sits on a 2,116sqm plot.
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