2merkato

The annual Ethiopian Coffee Conference which is organized by the Ethiopian Coffee Exporters Association was launched on Thursday, November 7, 2014.

Ethiopia and Egypt concluded an aggregate of five agreements and memorandum of understandings (MoU) on Monday, November 3, 2014. The aim is to encourage diplomatic, trade and health cooperation.

ALLE disclosed it aims to supply consumer goods that are worth 354 Million Birr during the current fiscal year.

Addis Credit and Saving Institution S.C. (ACSI) disclosed it extended 450 Million Birr loan during the first three months of the current fiscal year.

Portland Pretoria Cement (PPC) disclosed it acquired the 20 percent stake Industrial Development Corporation had in Habesha Cement Share Company (HCSCo). PPC bought out Industrial Development Corporation for U.S. $ 13 Million.

Ministry of Urban Development and Construction (MUDC) is aiming to build more than 200,000 condominiums during the current fiscal year across the entire nation.

Ethio-Asian S.C. paid 35 percent of 50.5 Million Birr as it has agreed with Privatization and Public Enterprises Supervising Agency (PPESA) back in March 29, 2014 for the purchase of Hamaressa edible oil S.C.

National Bank of Ethiopia (NBE) approved Lion International Bank’s nominee for presidency, Getachew Solomon, a week after the latter submitted its request to the central bank.

Zemen Bank disclosed it made a gross profit of 165 Million Birr and a net profit of 128 Million Birr during the last fiscal year. This figure is 36 percent higher than the Bank’s 2012/2013 fiscal year performance which saw 123.8 Million Birr before tax profit.

Ethiopian Airlines and CFM International celebrated their decade long partnership, as the earlier has been CFM’s customer ever since it began flying using CFM56-7B-powered Boeing 737-700 aircraft back in 2003.