2merkato

One of Ethiopia’s wind farms that are under construction, Adama II wind farm, is expected to be completed and start generating 153 megawatt in June. The project is being carried out an outlay of USD 345 million.

One of Ethiopia’s private banks, Abay Bank S.C., disclosed it made 93 million Birr profit during the first six months of its current fiscal year.

One of Ethiopia’s local petroleum distributing company, Yetebabaerut Beherawi Petroleum S.C., is set to establish a joint venture with Mesfin Industrial Engineering (MIE), an Ethiopian company, and the American based Global Electric Transport (GET). The joint ventured is going to assemble electric vehicle, service and public transportation solution.

Prince Fahad Bin Mugrin Bin Abdul Alziz Al Saudi, who is also the owner of Recon International Africa, expressed his interest to invest in the Agricultural and infrastructure sectors of Ethiopia.

Entrepreneurs in Ethiopia have been awarded by the United Nations Development Program (UNDP) and received the award from the hands of Prime Minister Hailemariam Desalegn. The event was held on Thursday, March 5, 2015 at Sheraton Addis.

Ministry of Industry (MoI) revealed plastic pipe demands are being met by local plastic factories.

Ethiopia's flag carrier, Ethiopian Airlines - the largest cargo operator in Africa - is pleased to announce that it has won the Air Cargo Brand of the Decade for Africa Award from Shipping, Transport, Aviation and Tourism (STAT) at a ceremony held in Rivonia, South Africa on 26 February2015.

Amhara State Agriculture Bureau disclosed it is going to distribute a total of 3 million quintals of fertilizers in the coming Ethiopia’s harvest season – 2015.

All Way Petroleum Plc is going to join the petroleum distribution business of Ethiopia on Monday, March 9, 2015. Upon joining the market the company is going to be the 10th petroleum distributer in the economy.

The Chinese based Shaoxing Mina Textile Company is going to construct a textile and garment factory in Ethiopia. The factory is going to be constructed in Sebeta, Oromia State, at the cost of 15 million USD.