Latest Business Alerts

ECX Announced Winners of Membership Seat Bid

The Ethiopian Commodity Exchange (ECX) has accepted all the participants, except one, of its exclusive auction for farmers’ cooperatives seats on May 16, 2013. ECX floated the 30 seats in April 2013, reserving 12 for coffee, 10 for sesame and five for haricot supplying cooperatives, with the remaining three left open for other commodities.

The bid has attracted few participants despite the exchange has postponed the closing date of the bid to encourage more cooperatives to participate. ECX said 25 cooperatives had bought the bid document, but only 19 made offers.

Add a comment Add a comment
Read more...

SCAA Certified Ethiopian Coffee Quality Control Laboratory

Specialty Coffee Association of America (SCAA), the largest coffee trade association in the world  has certified the Ethiopian based METAD/Kabu Coffee Quality Control Laboratory, the Ethiopian company announced yesterday. The laboratory is the first privately-owned African laboratory to be certified by the SCAA.

According to the company's press statement, sent to PANA, the Laboratory, equipped with the state-of-the-art coffee tasting technology, was certified on 17 May, 2013, after a team of SCAA experts, including Mr. Skip Finley, a Director on the SCAA Board, and Mr. Marty Curtis, a Coffee Quality Institute Instructor, inspected the laboratory same day.

Add a comment Add a comment
Read more...

Ethiopian Roads Authority Inaugurated Maytsemri-Dima Road

The Ethiopian Roads Authority announced that it has completed the  76km Maytsemri-Dima asphalt concrete road in Tigray State. The  road is part of the Maytsemri-Dima-FiyelWuha-Abadi-Hawzen-Firewoyni road project. The construction took more than 534.4 million Ethiopian Birr, according to communication directorate of the Authority.

The Ethiopian government covered the full cost for construction of the road. A local contractor was awarded the project and the construction of the road is completed two months ahead of its original schedule, the directorate told Ethiopian News Agency on Saturday.

Add a comment Add a comment
Read more...

Agricultural Research Institute Distributed 140 New Crop Varieties

The Ethiopian Institute of Agricultural Research (EIAR) said it has distributed 140 new crop species during the past nine months of the current Ethiopian Fiscal Year.

Deresse Teshome, Public Relations Directorate Director with Institute  told Walta Information Center that the stated number of crop species is among the 150 that the institute planned to distribute in this budget year.

Add a comment Add a comment
Read more...

Omo Microfinance Disbursed 657M Birr in Loan

Omo Microfinance Institution S.C (OMFI) announced that it has disbursed 657 million Ethiopian birr in the first nine months of the current Ethiopian Fiscal Year.

OMFI Credit and Saving Sector Head, Gelta Gadena, told Walta Information Center that,the loan was distributed to a total of 633, 650 individuals engaged in small and medium agriculture, metal and wood works, animal breeding and service sectors. Add a comment Add a comment

Read more...