A business delegation that constitutes representatives of 12 Swiss companies and led by the Switzerland’s Ambassador to Ethiopia, Andrea Semadeni, are on a five days business visit in Addis Ababa in search of investment opportunities. The delegation started its visit on Monday, September 29 and it is going to last until Friday, October 3, 2014.
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Toshiba Corporation disclosed it concluded a memorandum of understanding (MoU) with the Ethiopian Utility company, Ethiopian Electric Power (EEP), for a comprehensive partnership in geothermal power. The MoU stipulates EEP and Toshiba will collaborate in power generation
projects and personnel development.
Millennium Excellence Foundation disclosed it chose Ethiopian Airlines to be its official carrier for the Lifetime Africa Achievement Prize (LAAP) which will be held in Uyo, Nigeria from October 09 - 10, 2014.
KEFI Minerals bought the remaining 25 percent Nyota Minerals Limited ownes in the Tulu Kapi Gold Mine Oromia State, Ethiopia.
Add a comment Add a commentPrivatization and Public Enterprises Supervising Agency (PPESA) decided to transfer Bahir Dar and Kombolcha textile factories by negotiating with a third party.
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The Board of Directors at the Ethiopian Commodity Exchange (ECX) short listed five candidates and they are evaluating their Curriculum Vitaes for the purpose of appointing a new Chief Executive Officer (CEO).
The 16 private banks operating in Ethiopia made an aggregate gross profit of 4.6 Billion Birr during the just ended fiscal year.
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MIDROC Gold Plc disclosed it is going to build a second gold extraction plant at Benshangul Gumuz State with a total cost of U.S. $ 250 Million.
Chemical and Construction Inputs Industry Development Institute (CCIIDI) disclosed the construction of two soap and soap noodle manufacturing factories will commence soon.
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Based on a knocked-down export agreement concluded between Ethiopian Metals and Engineering Corporation (MetEC) and Ursus SA, Polish agriculture equipment producer, MetEC is prepared to take delivery of the first 1,500 tractors from the latter.
