The fourth Africa Airport Infrastructures and Maintenance, Repair and Overhaul Aviation (AIMA) meetings is going to be held in Ethiopia. The meeting will take place from Tuesday, September 22, 2015 to Thursday, September 24, 2015.
Add a comment Add a commentThe Swedish based agro forestry company VIP disclosed it is keen to invest in Ethiopia’s forestry. The announcement was made during a press briefing organized by the company and Ministry of Foreign Affairs (MoFA).
Add a comment Add a commentAsian Paints’ indirect subsidiary completed a deal which grants it 51 percent stake in an Ethiopian paint manufacturer, Kadisco. The deal was done for a price of USD 18.95 million in cash.
Add a comment Add a commentEthiopia’s state owned Construction and Business Bank S.C. disclosed it intends to raise the deposit amount to 28 billion Birr which will be a 30 percent increment by the end of the second Growth and Transformation Plan (GTP II). In addition to this, it plans to raise loan mobilization to 8.5 billion Birr and bring down non performing loans to 1.3 percent. With regard to number of branches, the bank’s intention is to increase the number to 175 across the entire country.
Add a comment Add a commentEthiopia will start using the Port of Berbera this month as per the agreement the two countries concluded in late January 2015.
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