2merkato

Norwegian company, MEC AS, Magnetic Emission Control, engaged in emissions reduction and fuel efficiency technology, signed a dealer contract with QOPH Engineering Enterprise in Ethiopia.

The agreement establishes that QOPH will engage in long haul tracking concerns, construction equipment, transport and earth moving.

The deal is part of MEC plans to expand into the Middle Eastern and African Region according to Bjorn Skjervold, Chief Exceutive Officer of MEC.

A delegation of British business people held talks with representatives of Ethiopia’s business sector to explore opportunities for commerce in both countries.

The delegation, made up of 10 representatives from London met with more than 30 Ethiopian business representatives.

The discussions held with the delegation from the UK will promote the flow of information, enhance knowledge development, promote the transfer of skills and technology and strengthen confidence for bargaining as well as removing barriers against business interaction according to Teferi Asfaw, Deputy Secretary General of the Addis Ababa Chamber of Commerce and Sectoral Associations.

The Privatization and Public Enterprises Supervising Agency approved the bids made by MIDROC Ethiopia and affiliated companies for five of the eight companies up for privatization.

The approval from the agency was announced last week at the same time the agency declined the offer made for Awash Winery and withheld making a decision on offers for two other companies.

MIDROC Ethiopia and affiliated companies, Horizon Plantation Ethiopia, National Mining Corporation and Saudi Star Agricultural Development, proffered the highest bids for five of the eight companies put forward for auction by PPESA.

Ethiopian Airlines, Ethiopia’s flag carrier, is to launch cargo flights to Europe and the Middle East from airports in Bahirdar and  Mekelle.

The groundbreaking initiative is intended to promote investment in regional cities by allowing businesses located there direct access to international markets said Dereba Kuma, Minister of Transport.

The airline expects to provide cargo services for meat and horticultural products from these airports explained Dereba presenting the seven month performance report for the transport sector to the House of Peoples Representatives.