2merkato

A Business Delegation led by the Minister for Climate Change is to visit Ethiopia for two days announced the British Embassy in Ethiopia.

The delegation consists of 19 business people representing 14 companies to hold discussions with relevant business people starting on the 4th of October said the press release.

The delegation will discuss ways in which investors engage in Power Development Investment in the UK and share that country’s experience with renewable energy development.

The companies represented by the delegation will be interested in finding out the opportunities for investment in renewable energy development and distribution in Ethiopia it was said.

Samsung Electronics will launch a week long promotional event from the 18th of October in Ethiopia. The event will be held at the Sheraton Addis Hotel. The event will concentrate on technological innovation, entertainment and social development according to sources.

Samsung is committed to social development as evidence by its investment in technical schools in the country according to Tadewos Awel, Country Manager with Samsung East Africa.

The company expects to introduce new technologically innovative products at the week long event said Tadewos. The new range of products will be offered at special prices he added.

Ethiopian Airlines took charge of the first of the five reconfigured Bombardier Q-400 aircraft it has on order last week.

Ethiopian is the first airline to take charge of the reconfigured aircraft which takes into account a number of innovations based on feedback from customers.

The new innovations include 7 business class and 60 economy class seats with a second lavatory for the exclusive use of business class passengers.  The aircraft will have reclining seats and a hot galley to enable the service of hot meals en route.

The Q 400 also has luggage capacity with lower fuel consumption and emission.

The Ethiopian Privatization and Public Enterprises Supervising Agency has endorsed the proposal offered by Horizon Plantation for the six Limu Coffee Farms. Horizon Plantations made an offer of 1.184 billion birr for the purchase of the six farms and the head office of the Limu Coffee Plantation.

The six farms included in the deal are Soka, Gumer, Cheleleki, Goma I, Goma II and Suntu. The bids for each individual farm ranged 70.9 million birr to 266.6 million birr while Horizon offered 60.4 million birr for the Limu Coffee Plantation Head office.

The agreement according to the bid document will entail Horizon paying 35% up front with the difference to be settled over a period of five years.