2merkato

The Geneva based Arbitration Tribunal, operating under the auspice of the International Court of Arbitration of the International Chamber of Commerce- rejected all of PetroTrans’ claims of unlawful termination of the Calub and Hilala Gas fields’ appraisal and development agreement  signed with the Ethiopian Ministry of Mines in July 2011.

Schulze Global Investments Limited, an American investment firm, has concluded the acquisition of 45 percent stake in MB Plc, producer of Family Milk and other dairy products.

Uchumi Supermarkets Ltd., Kenya’s only publicly traded retail chain, plans to expand to Ethiopia, according to its CEO Julius Kipng’etich.

Ethiopia has a potential to generate over 10,000 MW from geothermal power, according to a study conducted by the Geological Survey of Ethiopia (GSE).

The Ethiopian Investment Commission (EIC) said it has plans to attract more Turkish investors in the government’s priority areas.

Ethiopian Airlines, the largest and most profitable airline in Africa, is pleased to announce that preparations are being finalized to launch service to New York’s JFK airport by the end of June.

Close to 44,000 local and foreign tourists during the past six months have visited Lalibela churches found in the Amhara Regional State of Ethiopia, according to Lalibela City Officials.

The Addis Ababa Housing Development Project Office unveiled its plan to construct 250,000 condominium houses in the 20/80 housing scheme in the GTP II period.

The Development Bank Group (AfDB) on January 13, 2016, has approved a loan worth USD 76.11 million from the AfDB financing window for the implementation of Four Towns Water Supply and Sanitation Improvement Program in Ethiopia.

The Ministry of Urban Development and Housing unveiled its commitment to assist real estate developers.