2merkato

One of Ethiopia’s three state owned banks, Ethiopian Development Bank (EDB) extended a total of 3.2 billion Birr loan in the first six months of the current fiscal year to agriculture and manufacturing.

Ethiopia’s federal legislature, House of Peoples’ Representatives, approved the appointment of Gemechu Dubiso Godana as Federal Auditor General and Gedam Mandefro Abate as his deputy. Both Gemechu and Gedam were appointed by the Prime Minister.

Ministry of Trade disclosed Ethiopia earned more than USD 706 million in the past eight months form the export of oilseeds and pulses.

Ethiopia’s capital Addis Ababa is going to get road address sign posts, house number and block plates that are worth over 34 million Birr. The city’s Integrated Land Information Centre concluded an agreement with Hibret Manufacturing and Machinery Construction Industry of Metals Engineering and Corporation for the effect of producing, transporting and erecting the said materials. The contract conclusion was done on Wednesday, March 11, 2015.

Ethiopia’s capital Addis Ababa is going to host the Common Market for Eastern and Southern Africa (COMESA). The summit is expected to be held under the theme of “Inclusive and sustainable Industrial Development”.

Ethiopian Road Construction Corporation (ERCC) disclosed it built and repaired a total of 7,819 kilometers in the past seven months across Ethiopia. The Corporation carried out the tasks at an outlay of 1 billion Birr.

Ethiopia intends to build expressways across the country in areas that are regarded as major congested areas. According to Ethiopian Roads Authority (ERA), this is going to be done in the aim of solving the traffic overcrowding.

Kessem irrigation project which consumed 2.6 billion Birr and constructed by Water Works Construction is 99 percent completed and has started giving service. This was disclosed by the resident engineer of the project Jegsa Deyisa.

Central Statistics Agency (CSA) disclosed Ethiopia’s inflation rate has risen to 8.2 percent in the month of February. The Agency attributed this to the higher prices of food items such as vegetables, fruits and meat.

The Egyptian company Asec Engineering and Management concluded plant management agreement with Ethiopia’s national Cement Share Company.