2merkato

Ethiopian National Defense Construction Enterprise and Construction Materials Manufacturing Enterprise has joined hands with Legendary MegaCrop, an infrastructure development firm from the United States (US), to establish a company that will produce modern construction materials. The company will be established in Ethiopia and the US based firm will have an initial investment of 10 million USD.

Ethiopia will inaugurate its newly built 25,155 seater Woldia Stadium early next month. The stadium is built at an outlay of 567 million Birr and it took 4 years to finish it.

Awash Basin Authority aims at constructing 2 more dams as part of the Second Growth and Transformation Plan (GTP II). The dams are said to enable preventing water shortage in the state, which has 18 million inhabitants.

Ethiopia procured 11.4 million quintals of fertilizers at an out lay of 9 billion Birr. Such was disclosed by Ethiopian Agricultural Works Corporation and according to the Corporation the procurement is made for the 2016/2017 crop production season.

Ethiopia’s Ministry of Science and Technology disclosed it has finalized preparations to construct African Science and Technology Hub in the capital. According to the Public Relation Director at the Ministry, Wondwosen Andualem, design works have been completed. The hub would be equipped with various units to maintain fast growth in the science and technology sector of Ethiopia, he explained.

Ethiopia is set to hold national construction stakeholders’ conference from December 22 to 23 2016 in its capital Addis Ababa.

Africa’s largest airline group, Ethiopian Airlines, is delighted to announce that it will start services to Jakarta, Indonesia, in June 2017 using the ultra-modern Boeing 787-800.

Prime Minister Hailemariam Dessalegn visited 2 sugar projects in Ethiopia. The Premier visited Omo Kuraz I and Omo Kuraz II sugar factories and farming activities around them.

Approximately one year after its national subsidiary was founded in Ethiopia, Sika is opening the first concrete admixture production plant in the country. Sika is the first-ever international company to manufacture its products locally, and the move creates a base from which to build up business activities in the growth market, which has a total population of approximately 100 million.

Ismael Toure Business PLC along with other shareholders is going to set up a new factory dubbed Pure Wood Pulp Paper and Packing PLC, which will manufacture pulp, paper and packaging materials. The factory is going be in Dukem Eastern Industry Zone and it is the second of its kind in Ethiopia.