2merkato

Press release
6 December 2014

Meta Abo Brewery S.C., a Diageo company, announced today that it will source 100% of all cereal raw material needs in Ethiopia locally in time for Meta’s 50th Anniversary, by the end of 2017. This local sourcing strategy will serve as a commitment across the entire Meta business and will not be limited to specific products or brands.

A bridge that over passes the Awash River and which is part of the Ethiopia-Djibouti road is open for traffic.

Ethiopia’s capital, Addis Ababa, is going to have foreign companies join its expanding housing program.

Ethio Telecom concluded financing and framework agreement with Ericsson on Tuesday, December 16, 2014, for the upgrade work of the telecom’s network capacity and performance. The network upgrade work is particularly going to be focused on mobile communication and related services.

Meisso-Dewele Railway Project, which is being constructed at the cost of USD 1.9 Billion has reached 65 percent completion rate.

Bank of Abyssinia’s candidate for the presidential position, Mulugeta Asmare, has been given the green light by the National Bank of Ethiopia (NBE) .

Kifiya Financial Technology, a subsidiary of the US based Global Computing Solution Plc (GCS), has been hired by Ethiopian Broadcasting Corporate (EBC) to collect license fees from television owners.

Ethiopian Airports Enterprise (EAE) is going to construct three new airports in different cities of Ethiopia; Hawassa, Shire and Robe Goba.

Tekleberhan Ambaye Construction S.C., a local construction firm, formed an alliance with the Miami based Pinnacle—Berlani Partnerships to form a joint venture (JV) real estate that uses Cellular Light Concrete (CLC).

Ermias Eshetu has been selected to be the new Chief Executive Officer (CEO) of the Ethiopian Commodity Exchange (ECX).