The Addis Ababa City Administration's Credit & Small Enterprises Development Agency and Addis Credit and Saving S.C are to jointly establish a construction machinery rental enterprise, Fortune reported.
The new enterprise under formation with 500 million Ethiopian birr capital is intended to lease machinery to the city's micro & small enterprises.
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Ethiopian Ministry of Culture & Tourism secured a US$200,000 fund from the European Union to assist the establishment of the Ethiopian Tourism Enterprise and Tourism Transformation Council.
The financing will be used to hire consultants to study the design and organizational structure of the two entities, Fortune reported.
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Ethiopian Roads Authority awarded a 1.2 billion Ethiopian birr road construction project to Chines Company, Sino Hydro Corporation Limited.
The contract for the 90 KM long road upgrade project from Bahir Dar to Zema Wenze was signed on September 9, 2013 in Addis Ababa, Ethiopia.
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Brookside Dairy, a Kenya based milk processing and marketing company is eyeing to acquire 20 percent share in Ethiopia's Elemtu Milk Integrated Industry, Fortune reported.
Elemtu is developing a milk processing plant in the outskirts of the capital, Addis Ababa at a cost of 60 million Ethiopian birr.
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The Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is to establish a Corporate Governance Institute, that seek to govern conducts of private businesses in Ethiopia.
Getachew Regassa, secretary general of the AACCSA, told journalists that the institute will be responsible in regulating volunteer business entities of the country based on a set of code of conducts.
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