2merkato

Representatives from four Swedish companies are scheduled to visit Ethiopian textile factories. The delegation will visit the factories in Addis Ababa and Tigray for three days starting from the 2nd of November.

The representatives will visit the Ethiopian factories with a view towards finding textile suppliers and to purchase cotton garments according to Madeline Rosberg Chief Executive of Responsify AB, in charge of organizing the Swedish trade trip.

CLC Industries Plc will harvest cotton from the first 2,500 hectares in Ethiopia next month. The Indian company will use the cotton as raw material for the textile spinning plant it is establishing in Kombolcha.

The construction of the textile company at an investment of 70 million dollars will begin this month according to Markos Terfa company liaison officer.

The Ethiopian government has announced plans to begin construction on a new fertilizer factory in Oromia Regional State, in two weeks. The new factory will be constructed by the Ethiopian Metal and Engineering Corporation.

The Coal Phosphate Fertilizer Project Office has been studying the feasibility of a fertilizer factory in the area for over ten years. Studies in socio-economic, environmental and geological impact were conducted in association with Chinese companies including China National Complete Plant Import and Export Corporation (COMPLIANT) and Ging Sion Explorer.

The Federal Transportation Authority has announced that long distance bus services will be required to color code their vehicles as of the 10th of November. The vehicles will be coded according to their service level.

Bus Owners have been given enough time to paint their vehicles according to specifications said Birhane Zeru Deputy Chair of the Federal Cross Country Public Transport Associations Coalition. Many owners have already completed the process which will cost about 20,000 birr he said.