2merkato

Berhan International Bank (BIB) got Abreham Alero as its new President after securing the approval of National Bank of Ethiopia (NBE).

Addis Ababa City Housing Construction Project Office (AAHCPO) disclosed it will finalize the construction of around 73,000 houses by next year.

Turkish state owned agricultural bank, Ziraat Bank, approached the Ethiopian government and tabled its proposal to open a branch here in Ethiopia. However, this is regardless of the strict prohibition of the government foreign nationals and companies owning entering the financial sector.

Garages in the capital of Ethiopia got a go-ahead from Addis Abba City Bureau (AACTB) to renew their license without complying with the standards Federal Transport Authority (FTA) set back in 2012.

Yetebaberut Beherawi Petroleum S.C. (YBP) is set to build a 12 storey building which will serve as its headquarter. The building is going to lay on 400 Square Meters behind YBP’s service station site at CMC and expected to cost 50 Million Birr.

Akili Creative Agency concluded 600,000 Birr contract which gives it five years deal to use 4,000 Square Meters land and the surface of Ethiopian Grain Trade Enterprise’s (EGTE) 43 silos that are located at Gotera area.

Addis Ababa Light Rail Transit (AALRT) is set to official start trial operation in a month time, February 2015.

In the past five months Ethiopia imported over 3,000 tons of cotton in order to meet the local raw material demand for textile industries. This was disclosed by the Textile Industry Development Institute (TIDI).

United Bank S.C. gave award to 63 companies that are in the export sector and worked with the Bank during the 2013/2014 fiscal year. The award ceremony was held on Tuesday, December 30, 2014 at Addis Ababa Hilton Hotel.

Julphar Ethiopia Pharmaceutical Industry as an expansion of its factory is going to start Africa’s first insulin factory.