2merkato

The Turkish based company, Ahmet Aydeniz Construction Company, showed its intent to invest in Ethiopia.

Ethiopia’s capital, Addis Ababa, is going to be presented with 20 multi-story parking garages for the purpose of addressing the increasing traffic congestion and parking problem the city is facing.

All banks operating in Ethiopia are going to have a national payment system that grants them an integrated system of automated teller machines (ATM).

Ethiopia will expect a 25 percent climb from its arabica coffee export earnings in the 2014/2015 fiscal year, taking it to about U.S $ 900 Million. This is, according to Bloomberg, because of the higher price forecasted to happen following the drought damaged plants in Brazil.

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.