2merkato

The Metal and Engineering Corporation concluded a deal to acquire the Ethiopian Riviera International Hotel, primarily owned by Alem Fitsum.

The deal includes the three star hotel and a PVC and plastics manufacturing plant located behind the hotel.

The deal was struck for approximately 140 million birr with negotiation still going on and handover expected in the coming weeks according to sources. MetEc aims to utilize the hotel to house guests that will stay for more than a month saving it a lot of money according to an unofficial source with the corporation.

Ethiopian Entrepreneur, Bethlehem Tilahun, founder and manager of soleRebels was named the keynote speaker at the European E-Commerce Conference, taking place at the Teatro Circo Price de Madrid, in Spain from the 24th to the 25th of October.

The conference selected Bethlehem as keynote speaker in recognition of her status as e-commerce pioneer in Africa and the creator of an internationally successful consumer brand.

Bethlehem will be the first Chief Executive of and African based brand to be a keynote speaker at a major European digital commerce conference.

The Ethiopian Energy Sector Mapping and Database Project was launched with the completion of the first phase of the study and the web based database system last week. The project is a collaboration of the Energy Co-ordination Office of GIZ-ECO and the Ministry of Water and Energy.

The project required partnership with federal, state and woreda level governmental institutions as well as including a group of eight domestic senior energy consultants headed by PROCEED, a local consulting firm said Wondimu Tekle, State Minister for Water and Energy.

Ethiopia is working to enhance the apiculture sector according to the Ministry of Agriculture.

The ministry has put in place the regulatory framework to support the sector including the Bee Resource Development Protection Law, the Beekeeping Extension Package and Strategy, and the Honey and Wax Quality Control Regulations.

The MoA is also providing training programs to farmers while the Holeta Bee Research Center is conducting a range of research to address challenges in the sector said Tarekegn Tsige Head of Public Relations with the ministry.

The equipment required to launch bee keeping efforts is also being produced domestically he added.