2merkato

Vegpro Group,  a Kenya based vegetable and flower exporter, is to expand its operations of horticulture packaging and exports in Ethiopia.

The company has several investments and package centers in various countries in Africa and is planning to setup a packaging center in Southern Ethiopia for the export market.

The Kenyan horticulture giant is one of the biggest companies supplying food to supermarkets in the UK and EU. Add a comment Add a comment

The Commercial Bank of Ethiopia (CBE) has approved a 600 million and 370 million Ethiopian Birr loan requests of Raya and Habesha breweries respectively.

Raya Brewery is planning to erect a brewery plant with an annual production capacity of 300,000hl, in Bohera Mountain, South of Maichew, 667km from Addis Abeba.

Raya has managed to raise 248 million Birr from the sale of shares over the past two years; 30pc of these shares were sold to BGI Ethiopia and 22percent to Dawit Gebre-Egziabher, a businessman. Add a comment Add a comment

Ethiopian government is planning to establish Construction Industry Council to regulate the construction sector. A draft regulation prepared by the Ministry of Urban Development and Construction for the past two years is set to be tabled to the Council of Ministers in a month time.

The regulation is drafted drawing on the experiences of countries such as, the U.S, China, India and Korea.

Ethiopian Airlines is planning to buy or lease up to six more 787 Dreamliner passenger jets by 2018 as it expands its destinations in Asia and South America, its CEO told Reuters.

"We are looking at another five or six by 2017/18. We always maintain a 60/40 percent balance, with 60 percent owned and 40 percent leased," Tewolde Gebremariam said on the sidelines of a global airline industry conference.