Ethiopia earned US$ 165 million revenue from the manufacturing sector over the past five months, the Ministry of Industry said.
Corporate Communications Director with the Ministry, Melaku Taye told Ethiopian News Agency (ENA) on Monday, that earning from the sector has shown a 22 percent growth compared to a year earlier.
Add a comment Add a commentThe Gilgel Gibe III hydro-power project will commence operation at the beginning of the coming Ethiopian New Year, the Ministry of Water, Irrigation and Energy said.
Add a comment Add a commentThe Ethiopian Investment Agency (EIA) is proposing amendment to the Investment law, Fortune reported.
The proposed amendment, which has now reached the Council of Ministers (CoM), has been in the making for the past six months, according to Fortune.
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Dashen Bank posted 606.7 million birr profit after tax for the 2012/13 fiscal year, a seven percent decrease from a year earlier, Fortune reported.
The Bank has reported a gross income of 1.817 billion birr – an increase of 5.3pc, earning per share of 823 birr.
Add a comment Add a commentSino-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.
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