2merkato

A 3.73 Billion Birr loan agreement with the China EX-IM Bank was ratified by Ethiopia’s legislature, House of People’s Representatives (HPR). The loan is secured for the upgrade of the 210 Kilometers Dire Dawa – Dewalle road project.

Five contractors were awarded seven contracts of 1.06 Billion Birr worth for the construction of 20 Kilometers asphalt road by the Addis Ababa City Roads Authority (AACRA). All the projects are said to be financed by the Addis Ababa City Administration.

Oilseed has taken over coffee by being the biggest source of foreign currency for Ethiopia during the first 10 months of the current fiscal year.

Out of the total 10 factories Ethiopia planned to construct during the first phase of the Growth and Transformation Plan (GTP), seven of them were said to start production at the end of the coming year, Ethiopian Sugar Corporation announced.

The second Alle Bejimla wholesale cash and carry store was opened on Wednesday, June 25, 2014 at Kality. The third store is expected to be opened on Wednesday, July 2, 2014 at Merkato.

The Ethiopian Textile Industry Development Institute (ETDI) announced it is preparing to supply up to 100,000 trained personnel by the coming year.

Crown Paints Kenya Ltd has proposed to open a factory in Ethiopia at the cost of U.S $ 8 Million by 2015. This was after the company’s plant in Tanzania commenced production in January 2014.

The Bangkok based BNH Hospital is going to open a permanent office in Ethiopia. This is according to the Hospital’s deputy director, Nopparat Panthongwiriyakul (MD), and the statement was made when he, along with other members of the Hospital, was in Addis Ababa for a five days visit to assess the situation in Ethiopia and establish a strong link between the hospital and the community that seeks medical treatment abroad.

Ethiopian Airlines’ management team is aiming to start a new flight to the Los Angeles, U.S. The Airlines is planning to make this trek via Ireland’s capital, Dublin and if everything goes to plan the flight will be launch the coming year.

Omo Kuraz Sugar Development Project concluded a Memorandum of Understanding (MoU) with three Universities, Hawassa, Arba Minch and Mizan Tepi Universities, that are situated in the Southern Nations Nationalities and Peoples (SNNP) State.