2merkato

Ethiopia’s plan to raise the amount of ethanol that will be blended with benzene to 20 percent is not achieved in the year 2007 (Ethiopian Calendar) for there is a delay in the new sugar factory projects.

Ethiopian Insurance Company (EIC) decided to raise its authorized capital to 592 Million Birr. Currently the company’s paid up capital lies at 383 Million Birr and the plan is pay the 209 Million Birr difference in three years time.

Leader of the Qatari business delegation that came to Ethiopia, Sheikh Fahad Ahmed M.T Al Thani, disclosed he intends to launch 4 investment projects that are worth USD 500 Million.

National Oil Company (NOC) disclosed it is going to start using a new tanker tracking system which will be installed upon tanker trucks, in the aim of tackling fuel adultery and monitoring the behavior of drivers.

The profit by Ethiopian Airlines Group for the 2013/2014 fiscal year has hit the bar and made a record profit of 3.15 Billion Birr.

Ethiopia and Italia concluded a total of 16.1 Million Euros financial agreements in the form of loan and grant.

Ethiopia Airlines took delivery of the first ever B-787 Dreamliner full flight simulator in Africa. The installation as well as the build-up of the full flight Simulator is being carried out at Addis Ababa and the first simulator training is scheduled to be carried out on March, 2015.

Ethiopian Roads Authority (ERA) concluded agreements with Ethiopian Road Construction Corporation (ERCC) for the construction of road that links Gambella State and Southern Nations, Nationalities and Peoples State with South Sudan.

Wonji Shoa Sugar Factory started producing in its full capacity taking its daily production ot 7221 quintals.

Etur Textile, the Turkish textile manufacturer, is going to start exporting its products to Europe and America after its trial export to the two North African nations, Algeria and Morocco, went successful.