2merkato

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.

Global Alliance for Improved Nutrition (GAIN) provided three salt producing areas in Ethiopia salt iodizing machines.

Ethiopia’s Ministry of Industry (MoI) is going to set the price for cotton following the pointing fingers from and to cotton producers and textile factories.

Ethiopia and Djibouti concluded an agreement giving a green light for the construction of an oil pipeline that stretches across the two countries. The pipeline is going to be managed by the US based African infrastructure development company Black Rhino.