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Melaku Sissay, Nile Insurance’s CEO for the, resigned from his position that he held since last years. His resignation came a week after the company presented its performance report for its shareholders. The Insurer has also confirmed that the company’s board of directors replaced Melaku by the claims manager, Hailu Mekonnen. The board’s appointment has also been approved by the National Bank of Ethiopia.

Oromia Insurance Company SC (OIC) disclosed it had paid a total of 380,000 Birr as compensation for farmers. The claims by the farmers were made following the drought Ethiopia experienced last year as a consequence of El Nino phenomenon.

Ethiopian Spice Extraction PLC disclosed it is ready to commercialize animal feed and pesticide extracted from Abyssinian Mustard, which is commonly known as “Senafich” in Ethiopia. The new extract is said to have been named “Detoxicated and Defatted Ethiopian Mustard Mill” and it has a competitive leverage and potential to reduce protein deficiencies sustained in the livestock and poultry sector.

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.