2merkato

Ethiopia’s Gross Domestic Product (GDP) reached 1.5 Trillion Birr, Ministry of Finance and Economic Development disclosed (MoFED).

House of Peoples’ Representatives (HPR) started reviewing the current intellectual property rights regime and the draft bill meant to amend it.

Development Bank of Ethiopia (DBE) disclosed it is set to launch a new banking service for Small and Micro Enterprises (SMEs) that are growing to medium as well as large enterprise categories.

Ministry of Foreign Affairs disclosed number of investors interested in starting business as well as investing in Ethiopia has shot by threefold in the past two years.

70 Textile machinery and accessory manufacturers from German paid visit to Ethiopia for four days.

Mineral export is planned to bring in U.S. $ 714 Million for Ethiopia during the current fiscal year, Ministry of Mines (MoM) disclosed.

Ethiopian Roads Authority (ERA) is undertaking activities to upgrade 600 Kilometers of gravel roads to asphalt. The project is said to cost 9.5 Billion Birr.

Asian Paints is acquired a 51 percent share in the Ethiopian Kadisco Paints via its Singapore-based subsidiary Berger International.

Bell Geospace disclosed it won the tender floated by GPB Ethiopia Resources B.V., an affiliate of GPB Global Resources, for Airborne FTG & Magnetic Surveys in the Gewane-El Wiha Block, Afar State. Subsequently, Bell is awarded the contract by GPB Ethiopia.

The electrified rail link being built between Addis Ababa, Ethiopia’s capital, and Djibouti, the land locked nation’s main trade corridor, will be finalized in a year time, Prime Minster Hailemariam Desalegn said.