2merkato

The U.S. based Green Fuel Solution, proclaimed it plans to generate clean and renewable energy from solid waste in Ethiopia.

The Turkish firm, Saygin, bought out Saygin Dima Textile Factory S.C. from the Ethiopian government after paying 10 percent of government owned shares in the factory.

Nib insurance Company S.C. had another successful year and made a gross profit of 80 Million Birr in the last fiscal year.

Zaid Woldegebreil, the person who has been on top of Ethiopian Road Authority (ERA) and led the organization at a Director General level for the past ten years, was removed from his position on Friday, October 31, 2014 by a letter from the Prime Minister Office.

The first privately operated scheduled flight service in Ethiopia has been commenced by Trans National Airways (TNA). The flights are set to be done from Addis Ababa International Bole Airport to three selected destinations.

Ethiopian Airlines started disclosed it is set to start flying to Doha, capital of Qatar, starting from the coming December.

A new laboratory aimed to ensure safety and quality of agricultural and food products is going to be launched in Ethiopia by Food, Drink and Pharmaceuticals Development Institute.

An international conference on Ethiopia’s bamboo is set to start on Wednesday, November 5, 2014 here in Ethiopia’s capital, Addis Ababa. It was the Ministry of Agriculture in collaboration with the Chinese based International Network for Bamboo and Rattan that organized the event.

The state owned Commercial Bank of Ethiopia (CBE) disclosed it has advanced, in the past three months, over 14.2 Billion Birr as loan for mega government projects and also the private sector.

Lion International Bank S.C. made a gross profit of 127.2 Million Birr from its last fiscal year operation. This was disclosed by the Board of Directors on Saturday, October 25, 2014.