2merkato

The power transmission line project that has a capacity of carrying 400 Kilovolt, Gibe II-Wollayta Sodo, is only three months away before completion.

In the aim of avoiding burning currency, which is the traditional way of destroying currency in Ethiopia, National Bank of Ethiopia (NBE) installed a machine that will change tired bills to inputs for brick manufacturing.

Ministry of Culture and Tourism (MCT) concluded consultancy service agreement with the United Nation World Tourism Organization (UNWTO) for the implementation of hotel rating classification.

Addis International Catering, which is a subsidiary of MIDROC Group, joined the Ethiopian catering services and has commenced service.

A draft regulation prepared by the Ministry of Trade (MoT) which revises the profit margin of oil companies and dealers in Ethiopia has been submitted to the Council of Ministers.

Ethiopia’s oil import bill for the current fiscal year is going to go down by USD 600 Million, which is an estimated 21 percent of the overall import bill.

Ethiopian Roads Authority (ERA) disclosed upgrade work for the Dire Dawa – Dewele road has been started and it is expected to cost the Authority 3.9 Billion Birr.

A draft Cement Industry Development Strategy has been released by Ethiopia’s Ministry of Industry in the aim of increasing the nation’s cement consumption by more than threefold within a decade.

The state owned giant, Commercial Bank of Ethiopia (CBE), disclosed it is intending to open branch offices in countries that has a big number of Ethiopian communities.

Addis Ababa’s metro rail system being constructed by the Chinese is expected to be completed in the coming month, head of the project explained.