2merkato

The first lot for Mojo – Hawassa Expressway project, which stretches for 93 kilometers, is awarded to a South Korean construction company, Keangnam Enterprises Limited, by Ethiopian Roads Authority (ERA). Workeneh Gebeyehu, Ethiopia’s Minister for Transport, explained the firm won the bid for the first lot of the entire 209 kilometers.

The latest Ethiopia Commodity Exchange (ECX) membership auctioned was concluded by Orchid Business Plc’s winning for a price of 1.6 million Birr. The price Orchid offered is 12 fold of the original seat value.

Alisha Mining Plc, an Indian mining firm, established a marble processing plant in Ethiopia at an outlay of USD 2.5 million.

Access Real Estate founder and chairman, Ermias Amelga, returned back to Ethiopia exactly after two years on Thursday, February 19, 2015.

Ethiopian Aviation Academy graduated 16 pilots, 96 aviation technicians, 36 cabin crew and 24 marketing professionals on Thursday, February 19, 2015. The ceremony was held at the Ethiopian Airlines Headquarters.

Ethiopian Electric Power (EEP) announced the construction of 674 kilometers electric transmission lines and distribution stations that are in Ethiopia’s territory have been finalized.

The Czech based technology supplier of chemical, food and energy industries, ZVU Potez, delivered of a brewery facility in Ethiopia. The facility is found in Maychew and the project was concluded for 27.6 million Euro.

Private Organizations Social Security Agency (POSSA) disclosed it made a 26.9 million Birr profit during the past six months of Ethiopia’s fiscal year. The Agency’s plan was to earn 24.4 million Birr which means its performance it has met its target by 110 percent.

Prime Minister Haile Mariam Desalegn laid the cornerstone for a railway that links two states of Ethiopia, Tigray and Amhara. The railway will connect Woldia – Hara Gebeya – Mekele.

The four state owned financial enterprises have earned a total of 6.28 billion Birr during the last six months of the fiscal year, Government Financial Enterprises Agency (GFEA) disclosed. The institutions attained 93.02 percent of their plan.