2merkato

KEFI Minerals, UK’s Gold Exploration and Development Company requested Ethiopian government to raise its share in the new Tulu Kapi gold mine locality, according to The Reporter.

Russian oil and gas company named GPB Global Resources is to make a start on oil exploration project in the Afar Regional State of Ethiopia, The Reporter reported.

Ethiopia Commodity Exchange (ECX) has signed a Memorandum of Understanding (MoU) with Malawi’s AHL Commodity Exchange on October 16, 2015, in Addis Ababa, Ethiopia, New Business Ethiopia reported.

Egypt-based PackTech for Real Estate Investment Company is to construct the first phase of its new factory for office furniture in Ethiopia early 2016, according to Chairman Alaa El Sakaty.

Ethiopia is to host international conference on African textile industry for three days starting from October 19, 2015, Ethiopian News Agency reported.

The first Arab Ethiopian Exhibition and Conference for Industrial Exports and Investment was held in Ethiopia on October 15, 2015, Ministry of Industry disclosed.

Ethiopian Airlines, the largest and most profitable airline in Africa, is pleased to announce that it has finalized all the preparations to start flights to Durban, the 3rd destination in South Africa after Johannesburg and Cape Town, as of mid-December 2015.

ADDIS ABABA, Ethiopia, October 14, 2015 – NCR Corporation, (NYSE: NCR), the global leader in consumer transaction technologies, today announced that Commercial Bank of Ethiopia (“CBE”), the leading bank in the country, has upgraded its ATM management system to NCR APTRA Vision, a multi-vendor self-service management solution.

The Central Statistics Agency (CSA) of Ethiopia disclosed that it is going to use mobile technology in the 2017 national population and housing censuses, according to Ethiopian News Agency.

Metals Engineering Corporation (METEC) of Ethiopia said it is preparing to generate 45 megawatts electric power from the leftovers of Omo Kuraz Sugar Factory, Ethiopian News Agency reported.