2merkato

The Turkish Confederation of Businessmen and Industrialists (TUSKON), Pan African Chamber of Commerce and Industry (PACCI) discussed Turkey-Africa trade and investment opportunities in Addis Ababa, Ethiopia on August 13, 2013 at Hilton Addis.

The meeting discussed about ways to strengthn Turkish-African business and investment ties. Noting the conductive investment climate in Ethiopia, TUSKON President Rizanur Meral said, Turkish investors are have interest in engaging in garment, food processing and mining sectors in Ethiopia.

Development Bank of Ethiopia (DBE) announced selling of Grand Renaissance Dam bonds worth 1.4 billion Ethiopian birr in the concluded Ethiopian Fiscal Year.  

Development Bank of Ethiopia President, Isaias Bahire, told Walta Information Center that preparations are underway to involve farmers and pastoralists across the nation in the purchase of bonds in the current fiscal year.

SgurrEnergy, Glasgow based renewable energy consultancy company is providing wind monitoring and analysis services for the first phase of the 400 MW wind farm project in Debre Birhan, Ethiopia.

Terra Global Energy Developers, U.S. energy developer selected SgurrEnergy to carry out wind measurement study for one year as part of the project’s technical and financial feasibility stage.

Ethiopian insurance companies have collected combined gross premiums of 4.5 billion Ethiopian birr from general insurance, in the 2012/13 fiscal year, Fortune reported citing unaudited aggregated report of the National Bank of Ethiopia.

The amount showed a 17.7 percent growth from the 2011/12 aggregate performance.