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FAAS Trade and Investment Ltd., a U.K company showed interest to buy oilseed and coffee from Ethiopia. According Fares F. Oufi, sales manager, the company will buy as much as ten thousand tons of sesame every year.

FAAS's biggest market is China and Oufi said, Japan will also be its export destination soon.

Dangote Industries PLC applied for silica exploration license in Ethiopia. Silica is the major raw material for glass manufacturing. Dangote applied for the mining license to establish a glass manufacturing plant.

Dangote has also commenced work on cement manufacturing plant in Ethiopia. The cement factory, located in Mugher town, will have a production capacity of 1.5  tons per annum. Add a comment Add a comment

The Addis Ababa City Administration, Housing Development and Administration Agency announced the winners of the 8th round condominium houses beneficiaries on 20 March 2013.

The announcement was published on Addis Lessan, the City Administration's official newspaper and on its official websites. Add a comment Add a comment

A 12 member Ethiopian business delegation  took part in a host of business seminars and discussions in Israel.

The visit was organized to introduce Israel's technology and businesses to Ethiopia through partnership with Ethiopian businesses. Businesses in agro-industry, automotive, hotel and tourism, energy and manufacturing  industry, among others, were involved in the visit.

The Ethiopian delegation said, the visit further enhances existing relations between businesses of the two countries. The visit intends to identify companies that can invest in Ethiopian energy generation and distribution sector.

The trading exchange between the two friendly countries has now reached around 83 million dollars.

Source: Walta