2merkato

The railway which links Ethiopia’s capital with Djibouti is going to be open on early 2016, Head of Ethiopian Railways Corporation, Getachew Betru, disclosed.

Ethiopia’s Premier, Hailemariam Dessalegn, called on Chinese companies to take part in the building of industrial zones and parks in Ethiopia.

Agricultural and industrial products that Ethiopia exported to the international market via Adama in the past six months have generated a total of USD 161 Million. This was disclosed by the Adama Branch Revenue and Customs Office.

New private equity firm opened in Ethiopia, Ascent Capital, is set to finance local businesses including newly established businesses. It is the second equity firm in Ethiopia, following SGI.

Ethiopian Airlines and Liege Airport have agreed to extend for another 5 years their win-win partnership for the transport of air cargo between Africa and Europe.

Ethiopian Roads Authority (ERA) disclosed it has undertaken repair as well as upgrading of more than 9,000 Kilometer roads across Ethiopia in the past six months.

Urban Development, Construction and Industry Bureau of Tigray State disclosed it has issued license for a total of 584 investment projects during the first half of the current fiscal year. The projects are said to have 7.8 Billion Birr of capital.

Ethiopian Roads Authority (ERA) completed the study it conducted for the 220 Kilometers Modjo – Hawassa Expressway on the environmental and social impacts as well as Resettlement Action Plan.

The tender floated for the construction of Semera – Tadjourah railway is postponed by Ethiopian Railway Corporation (ERC) for the fifth time.

Ethiopia’s sixth brewery company, Raya Brewery S.C, is going to be inaugurated by President Mulatu Teshome (PhD) in the coming month.