2merkato

Sino-Ethiopia Associate (Africa) PLC, a capsule manufacturer in Ethiopia, inaugurated its expansion plant located in Addis Ababa, Ethiopian News Agency (ENA) reported.

The company's new plant which is built at a cost of 100 million Birr has a capacity to produce 1.2 billion capsules annually, increasing the company's total production capacity to reach 2.4 billion, according to ENA.

Ethiopian Airlines, the fastest growing African airline, is happy to announce the commencement of services to Semera, the capital of the Regional State of Afar located in the North Eastern part of Ethiopia, starting from December 14, 2013. The new service will be operated thrice weekly with Ethiopian Q-400 Bombardier aircraft on, Tuesdays, Thursdays and Saturdays.

The Ethiopian Revenues and Customs Authority and the Investment Climate Facility (ICF) today signed a US$7.3 million agreement to establish an electronic single window system for international trade.

The project aims to set up a single window system to handle international trade, reducing the time it takes to process, export, import and transit procedures and reducing the time and costs of clearance documents preparation, according to Ethiopian News Agency.

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole.

The well was targeting a reservoir section similar to the sands drilled in the nearby Sabisa-1 well where oil shows were encountered but these sands were not penetrated in Tultule-1. Gas shows were however recorded which reaffirm the presence of a hydrocarbon source in the region.