2merkato

One of Ethiopia’s private banks, Buna International Bank (BIB), decided to sell shares to its employees who worked for at least two years. The intention behind the decision is to keep the employees and also motivate them.

An international arbitration center that will settle business disputes in the Intergovernmental Authority on Development (IGAD) region is to be established and based in Djibouti. The decision was made during the Fifth General Assembly of IGAD Business Forum and it was passed unanimously by the participants; Ethiopia, Djibouti, Kenya, Uganda, Sudan, South Sudan and Somalia.

Ethiopia is going to host Origin Africa/Africa Sourcing and Fashion Week (ASFW) 2015 from Wednesday, October 21 to Friday, October 23, 2015 at the Millennium Hall. The event is one of the biggest textile and garment events in the entire African continent.

Ethiopian Civil Aviation Authority’s (ECAA) working procedures are going to be audited by the UN organ, International Civil Aviation Organization (ICAO), from Monday, April 20 to Wednesday, April 29, 2015.

Delegation team of Canadian business tycoons led by Senator Don Meredith is discussing with business persons from Ethiopia concerning business and investment opportunities and possible partnership.

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.