2merkato

KEFI Minerals Ethiopia Limited has a new Head of Operations and Managing Director, Wayne Nicoletto.

Ethiopia’s Premier, Hailemariam Desalegn, put the foundation cornerstone to the commencement of Awash – Woldia – Hara Gebeya railway project in the morning of Wednesday, February 25, 2014.

Expansion work Diageo carried out on a factory it owns in Ethiopia, Meta Abo Brewery, is inaugurated. The expansion project was carried out at an outlay of USD 119 million.

Oromia Revenues and Customs Authority disclosed it has already met the target it has set for the five years Growth and Transformation Plan (GTP I) period.

Highway that will stretch from Ethiopia to Sudan is going to be built in the aim of benefiting the people dwelling in the two countries using transportation.

Raya Brewery S.C. inaugurated the plant it built in Northern Ethiopia, Tigray State Maichew Town. The inauguration ceremony took place in the capital of the state, Mekele.

Ethiopia Pharmaceutical Factory is going to start building a new factory at an out lay of USD 100 million in Sebeta town. The factory is going to lay on 40,000 square meters land.

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.