2merkato

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.

Ethiopian Horticulture Development Agency (EHDA) disclosed Ethiopia earned a total of USD 114 million from horticultural export in during the first half of the current fiscal year.

Public Enterprises Privatization Service Agency (PEPSA) failed to privatize none of the five enterprises it aimed to transfer during the first half of the current Ethiopian fiscal year.

East Africa’s first denim factory, Kanoria African Textiles Spinning, commenced trial production in Ethiopia.

The state owned Commercial Bank of Ethiopia (CBE) extended over 31.8 billion Birr loan to mega projects and the private sector in the first half of the current fiscal year.

The final draft to amend Ethiopia’s national Chamber of Commerce and Sectoral Association’s charter is finalized.