2merkato

The Ethiopian Ministry of Industry signed on agreements with several contractors for the 2nd phase construction of the Bole Lemi Industry Zone construction Thursday, October 31, 2013.

The agreement was signed with 14 contractors and a consultant engineer. All construction work on the site will be assigned to local contractors, except a Chinese contractor for the road construction, according to Ethiopian Radio and Television Agency.

Tecno Group, a mobile phone assembly and production company in Ethiopia held a groundbreaking ceremony on Thursday for its phase III factory in Addis Ababa, Walta information Center reported.

The foundation stone was laid in the ICT Park currently under construction by the Ethiopian government to support the development of information communication technology in Ethiopia.

Ethiopian Airlines, the fastest growing and most profitable African airline, colorfully celebrated 55 years of uninterrupted service to Frankfurt, Germany on October 24, 2013.

Ethiopian CEO, Mr. Tewolde Gebremariam, attended the celebrations in Frankfurt along with Dr. Renate Sterzel, City Councilor of Frankfurt, Dr. Stefan Schulte, Chairman of the Executive Board of Fraport AG, Mr. Mark Schwab, CEO of Star Alliance, H.E. Mr. Fesseha Asegedom, Ambassador of Ethiopia to Germany, and Ms. Dennenesh Zewdie, famous Ethiopian actress in Germany. Also present were representatives from the diplomatic community, the African Diaspora and various partners including Lufthansa, travel agencies and tour operators.

Ghion Hotel and other four state-owned enterprises put up for sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) have failed to attract bidder, Fortune reported.

In addition to Ghion Hotel, PPESA has also floated Weyra Transport S.C, Transport Construction Design S.C, Agricultural Mechanization Service Enterprise and Artistic Printing Enterprise. All enterprises except Weyra Transport has been on the privatization auction block previously.