2merkato

Businesses located in the lobby of the Hilton Hotel, Addis Ababa, Ethiopia are to stop services as of the 31st of December.

The Hilton administration made the decision to temporarily close business activities in the hotel lobby because of complaints from customers said Vijay Shanker, Director of Business Development for the hotel.

Ethiopian Minerals Development S.C requested a loan of 166 million birr from the Development Bank of Ethiopia. The loan will finance the company’s expansion project on the Kenticha tantalum mine.

The expansion project requires an investment of 166.8 million birr to increase the production of tantalum concentrate. The new production line will aim to bring production capacity to 300 tons increasing the company’s revenue to 587.3 million birr.

Ethiopia will export only finished leather goods beginning next month, announced the Ministry of Trade (MoT).

The groundwork has been laid to halt the export of raw hides and skin as of December said Ahmed Nuru representing the Minister of Trade at a half day consultative forum discussing the national leather sector.

Leather factories in Ethiopia have developed the capabilities to export finished leather goods said Ahmed. The factories have enhanced their capacity to add value to leather to a higher standard he explained.

Efforts to increase revenue from the leather sector to 497 million US dollars within the next five years are underway according to Ahmed.

The Ethiopian Horticulture Development Agency announced that Ethiopia has earned 55 million US dollars in horticultural exports in the first quarter of this fiscal year.  

The revenue was raised from the export of fruits and vegetables as well as flowers and other produce explained the press statement from the agency.