2merkato

A draft Cement Industry Development Strategy has been released by Ethiopia’s Ministry of Industry in the aim of increasing the nation’s cement consumption by more than threefold within a decade.

The state owned giant, Commercial Bank of Ethiopia (CBE), disclosed it is intending to open branch offices in countries that has a big number of Ethiopian communities.

Addis Ababa’s metro rail system being constructed by the Chinese is expected to be completed in the coming month, head of the project explained.

The new busses that are on the streets of Addis to provide transportation service to the public servants are going to start giving service for the city’s residents.

Addis Ababa Chamber of Commerce and Sectoral Association’s 10th general assembly meeting has been suspended by the Federal First Instance Court. The meeting was scheduled for the coming Thursday, December 25, 2014.

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.