2merkato

President of Ethiopia, Mulatu Teshome invited Private Investors for Africa (PIA) on March 19, 2015 in Addis Ababa to make stronger investment in Ethiopia's second Growth and Transformation period, the Ethiopian News Agency reported.

Ethiopian public Enterprises occupied in export trade are showing their products at international exhibitions and trade fairs, according to the Privatization and Public Enterprises Supervising Agency.

COMESA Summit will hold its 18th meeting this month in Ethiopia when Heads of State and Governments of 19 Member bloc of countries comes together.

Ethiopia’s largest hydro power plant, Gibe III, is going to start electricity production in the second half of this year, if annual rain sufficiently fills its reservoir, Water and Energy Minister, Alemayehu Tegenu said.

Ethiopian Airlines, Africa’s biggest airline, has inaugurated its brand new ultra modern Boeing 787 simulator, according to Fana Broadcasting Corporate.

The inauguration took place side by side with the 24th African Aviation Conference that was launched here in Addis Ababa yesterday.

Fincha Sugar Factory, one of Ethiopia’s sugar manufacturers, has started production again on Tuesday, March 17, 2015 after a fire that broke out damaged some of its machines. The machines damaged at one of the factory’s sections are now repaired.

Ethiopia’s state owned wholesale enterprise, ALLE, disclosed it is set to open five additional stores in April.

National Oil Ethiopia (NOC) disclosed it plans to build refinery in a decade in order to meet the growing demand for refined products in the region whose economy is growing fast. The refinery is expected to cost 5 billion USD.

Yekatit Paper Convertinig PLC is barred from selling its product to the Public Procurement Property Disposal service (PPPDS) on grounds of low quality product and delayed supply.

Ethiopia’s capital Addis Ababa got a new three star hotel, Southern Addis Hotel. The hotel was inaugurated on Tuesday, March 10, 2015.