2merkato

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.

The federal legislative organ, House of Peoples Representatives (HPR), ratified two agreements the Ethiopian government concluded with International Development Associations (IDA) for the finance of productive safety net project and the regional pastoral livelihood resilience project. The finance agreements sum is USD 675 Million.

Ethiopia’s flag carrier is in talks with Rwandan and the Republic of Congo over purchasing stakes and also managing their carriers. This was disclosed by the Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airlines Group, to Reuters.

The State of Oromia is conducting a study in the aim of setting up an autonomous organ that will carry out the tasks of industrial development. If the organ is established it means the current structure, Industry and Urban Development Bureau (IUDB), will no longer be in charge of industrial developments.

The Turkish President, Recep Tayyip Erdogan, is going to make an official visit to Ethiopia later this month.

The US based Life Fitness launched its own fitness center on Friday, January 9, 2014 around CMC area.