2merkato

Juice Factory built at an estimated cost of 80 Million Birr in Sebeta Town was inaugurated Yesterday, November 19, 2014.

United Bank S.C. disclosed it made a profit of 360 Million Birr durreached to 9.4 ing the 2013/2014 fiscal year, which actually is a 3.5 percent decline when compared to the year before it.

Sesame’s price in the international market dropped from U.S. $ 1,200 per ton to U.S. $ 500 in a one month time. This has led exporters of the agricultural product to be hesitant to supply and wait for the price to show any increment.

Metal & Engineering Corporation (MetEC) is getting ready to make delivery of five spare part manufacturing workshops for the Southern Nation Nationalities People (SNNP) State. The State paid a total of 235 Million Birr for the workshops.

Fitch Group, which is a financial information service rating company, rated Ethiopia as “B” for long term foreign and local currency Issuer Default Ratings (IDR).

Ethiopian Railway Corporation (ERC) chose a consortium of Chinese firms, China Railway Engineering Corporation (CREC) and Shenzen Metro Group, for maintaining as well as operating Addis Ababa Light Rail Transit for the coming five years.

Alemu Sime is appointed by the Prime Minister Hailemariam Desalegn as the new Minister of State for the Ministry of Mines.

Horizon Plantations Ethiopia Plc intends to double its annual revenue from coffee projects by three years time.

Construction of the highway linking Ethiopia with Kenya is expected to be completed by the end of the year 2015.

The 4th International Conference on Cereal, Oilseeds and Spices was opened in Ethiopia under the theme “Global Partnership for Sustainable Market Growth”.