2merkato

World Bank’s President, Dr. Jim Yong Kim, accompanied by the United Nations’ Secretary Genera Ban Ki-Moon are in Ethiopia for a two days visit. They are set to discuss key development priorities with government officials and development partners.

National Bank of Ethiopia (NBE) disclosed it has reserved over U.S. $ 600 Million loan for the purpose of preventing inflation on cereals and other consumable goods in the economy.

The current Ethiopian budget year, according to Addis Ababa City Roads Authority (AACRA), will witness 504.4 kilometers cobblestone road construction in the capital city, Addis Ababa.

300,000 Quintals of sugar imported from United Arab Emirates (UAE) and the last batch of sugar import, is expected to reach Port of Djibouti October 26, 2014. The order for the sugar was made by the Ministry of Trade (MoT) two weeks ago and got the Prime Minister’s blessing.

Ethiopian Electric Power (EEP) concluded a Memorandum of Understanding (MoU) with the US based Green Technology Africa Inc. (GTA) for the generation of 300 Megawatts of electricity from solar energy.

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.