2merkato

Ethiopia has prepared a draft regulation which is said to compel mining companies to make financial contributions for the development of the areas they are carrying out mining. The draft document is prepared by the Ministry of Mines, Petroleum and Natural Gas.

Ethiopia’s federal legislature, House of Peoples’ Representative, ratified a 33 million Birr loan agreement which will be used to modernize the government’s financial administration system.

Ethiopian Electric Power will conclude a contract with TBAE Co. Ltd., a Chinese company, for the construction of high-power transmission lines and distribution stations in Ethiopia’s capital, Addis Ababa. The construction is said to cost 98 USD.

Ethiopian Airlines, the largest cargo operator in Africa, is pleased to announce that it has been voted as the Best Cargo Airline of the Year from Africa at the “2016 Cargo Airline of the Year” Air Cargo News awards held at the Lancaster London Hotel, London on 23 April 2016.

In the 9 months of the current fiscal year, Ethiopia purchased goods and services worth 15 billion Birr from local and foreign suppliers.

Agri-CEFT has disclosed it will undertake an expansion project on its tea processing and packaging factory at an outlay which is close to 120 million Birr. The expansion will take on a 19,000 square meters of land which is found in the private Huajan Industry Zone.

Office Chérifien des Phosphates (OCP) Group announced it intends to build a fertilizer plant in Ethiopia. The announcement was made when the company’s Chairman and CEO, Dr. Mostafa Terrab, met and held talks with Hailemariam Dessalegn, Prime Minister of Ethiopia.

Ethiopia announced the rental fee it will ask for sheds in the Hawassa Industrial Park.

New directive has been issued by Ethiopian Revenue and Customs Authority (ERCA) regarding cash register disposal. The directive is promulgated to ease Ethiopia’s businesses dissatisfaction on the issue.

Tedros Adhanom, Minister for Foreign Affairs of Ethiopia, held bilateral dialogues with Serbia’s Prime Minister, Aleksandr Vucic, and First Deputy Prime Minister and Foreign Minister, Ivica Dacic.