2merkato

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.

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.

Ethiopian Aviation Academy graduated 96 aviation technicians and 25 marketing professionals on Thursday, September 25, 2014, at a ceremony held in Ethiopian’s Headquarters.

Teciju Civil Engineering Group, a Chinese firm, is awarded a 1.2 Billion Birr road construction project by the Ethiopian Roads Authority (ERA) for the Konso-Yabelo road project. 107 Kilometers road which connects Konso and Yabello will be upgraded.

Metal and Engineering Corporation (MetEC) is going to deliver 116 three square meter mobile toilets to the Addis Ababa Water and Sewarage Authority (AAWSA). The mobile toilets costed near 100,000 Birr each.

Tikur Abay Transport Plc bought Bekelecha Transport SC from Privatization and Public Enterprises Supervising Agency (PPESA) for 325 Million Birr.

Ethiopia’s first sugar crushing machine is being manufactured by KG Engineering PLC at a 5.6 Million Birr contract.

Ethiopian Airlines ordered twenty 737 MAX 8s aircrafts from Boeing. According to the press release by the Airline, the deal is worth more than U.S. $ 2. Billion at list prices and includes options and purchase rights for a further 15 737 MAX 8s.

Ethiopia’s first break rubber factory, Hibret Manufacturing and Machinery Fabrication, which cost 350 Million Birr is going to start production in five months time.