2merkato

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.

National Bank of Ethiopia (NBE) banned commercial banks operating in Ethiopia from giving mobile top-ups service for the service is not a financial one.

The Chinese real estate company, Tsehay Real Estate Plc, is going to start selling units in the coming October on one of the buildings it is 70 percent complete.

The five months old crane manufacturing company, KIG, is set to begin production in a month time after receiving machinery and inputs.

Japan and Ethiopia held a five days dialogue that lasted from August 11 to 15 on Industrial Development. The dialogue was held in Addis Ababa and it was the 14th Round of Policy Dialogue on Industrial Development.