2merkato

Modern electricity meter is manufactured in Ethiopia for the first time by Ethiopian Metal and Engineering Corporation.

Ethiopian Airlines will soon decide the planes it will purchase from Co and Airbus Group NV. The Airline is planning to add as many as 70 new jets to its fleet.

Hibret Manufacturing and Machine Building Industry disclosed in the just ended fiscal year it managed to save the nation 1.5 Billion Birr in foreign currency by producing machines here in Ethiopia.

In hopes of getting its world renowned coffee a brand and trademark protection as well boost national revenue, Ethiopia is set to continue dialogues with international buyers.

A new enterprise that will have the mandate and responsibility to mange Ethiopian Commodity Exchange’s (ECX) warehouses is going to be established by Ministry of Trade (MoT).

Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) along with Embassy of India and the Synthetic and Rayon Textiles Promotion Council organized a two days exhibition of Indian textiles. The event was organized at the Sheraton Addis Hotel and it was opened on Wednesday, August 13, 2014.

Some 226 investment projects tagged along with 18.46 Billion Birr aggregate capitals got operational during the just ended fiscal year, Ethiopian Investment Commission disclosed.

Development Bank of Ethiopia disclosed it is going to extend a total of 14.56 Billion Birr as loan to new or expanding agro and manufacturing projects.

Ethiopian Electric Service installed 248 transformers in the capital city and regional states for the purpose of controlling the power cut problems.

Wegagen Bank disclosed it is set to soon start giving mobile and internet banking for its customers.