2merkato

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.

Gilgel Gibe III hydropower project was officially inaugurated by Prime Minster Hailemariam Dessalegn on Saturday, December 17, 2016.

Ethiopian Pharmaceutical Fund and Supply Agency, major supplier of medicines in Ethiopia, procured medicines that are worth 1 billion Birr. The procurement was made from the local market.

Dalol Oil S.C., one of petroleum companies in Ethiopia, appointed Tadesse Girma as its new CEO on December 14, 2016.

Subsidiary of Jupiter Group has formed joint venture with a Chinese electronics manufacturer to assemble energy meters in Ethiopia. The joint venture agreement was signed on Thursday, December 15, 2016 by Melaku Bisrat and Hu Ab, representing MYBABA Electronics Manufacturing PLC – the newly established JV Company – and Shenzhen Clou Electronics Co. Ltd.

Ethiopian Airlines, the largest and fastest growing African airline, is pleased to announce that it will start a direct and non-stop services to Singapore as of June 2017 using the ultra-modern Boeing 787.

Ambo International Holding Ltd, Mauritius based company, has bought the 33 percent holding Ethiopia’s government had in Ambo Mineral Water SC. The Mauritius based company made the purchase for a price of 19.7 million USD.

Ethiopian Airlines Los Angeles Area Office received the Star Alliance CEO Awards for 2016, as a member of Star Alliance project team at Tom Bradley International Terminal, during the annual Chief Executive Board Meeting held in Los Angeles recently.