2merkato

The European Union (EU) pledges 540 million Euros to assist rural road construction in Ethiopia in five years to come, according to Ethiopian News Agency.

Tewolde Gebremariam CEO of Ethiopian Airlines told Air Transport World (ATW) that Ethiopian is considering extra-long-haul fleet and expects to reach on a decision by the end of the year.

Elman Abdullayev, Azerbaijani Ambassador to Ethiopia disclosed investors from his country are expressing their interest to engage in Ethiopia’s investment sectors, Ethiopian News Agency (ENA) reported.

The first separate draft law on administration tax and a law dealing with the substantive elements of taxes in Ethiopia is expected to be discussed by the federal and regional authorities by the end of October, Addis Fortune reported.

Kenneth Davids and the Coffee Review, a reputed coffee review, had rated Ethiopian Jimma Agaro coffee 95% for an Ohio coffee roaster, Crimson Cup Coffee & Tea, according to Ministry of Foreign Affairs.

ETP Garment PLC, Korean-based textile manufacturing company had inaugurated its factory on October 12, 2015, at Bole Lemi Industrial Park, according to Fana Broadcasting Corporate.

Indian-based, Kanoria Chemicals and Industries Limited (KCI) Company has finalized its preparation to inaugurate textile production plant in Ethiopia on October 24, 2015, top company official stated.

Metals and Engineering Corporation of Ethiopia and NORINCO, Chinese Company have delivered 130 and 185 trains, respectively to the Ethiopian Railway Corporation that carry passengers and freight for the Ethio-Djibouti railway, Ethiopian News Agency reported.

The Ascent Rift Valley Fund (ARFV), a privately-owned equity firm that opened its office in July 2014, Addis Ababa, Ethiopia, disclosed it had raised USD 80 million at its final close.

The Agula-Berhale-Dalol road that links the Regional State of Afar with Tigray in Ethiopia had been inaugurated on October 10, 2015, Ethiopian News Agency reported.