2merkato

A group of Chinese investors are in Ethiopia for a six day business visit, The Ethiopian Herald reported. The investors are from different economic sectors.

Ethiopian Agricultural Research Institute (EARI) has developed a new variety of rice that can yield 104 quintals per hectare, The Ethiopian Herald reported.

Ethiopia will soon have a transformer factory with a production capacity of over 10,000 transformers per annum, Ethiopian News Agency reported.

The Addis Ababa City Administration Small Scale Enterprises Bureau has finalized preparations to stage the fifth Manufacturing Bazaar and Exhibition.

A Memorandum of Understanding on input sales system implementation was signed between Agricultural Transformation Agency (ATA) and Commercial Bank of Ethiopia, Ministry of Agriculture, Amhara Credit and Saving Institution, Amhara Cooperative Promotion Agency and Amhara Agriculture Bureau.

Ethiopia will have a Hydrogen Peroxide Chemical factory by July 2014, Ethiopian News Agency reported. The factory is being built by Awash Melkasa Aluminum Sulfate and Sulfuric Acid Share Company at a cost of 200 Million Birr.

May Real Estate announced it will inaugurate its apartment complex built around Kazanchis, Addis Ababa, Ethiopia. May built three blocks of condominiums that have 115 apartments. The complex is close to the United Nations Economic Commission for Africa (UNECA).

Ethiopia Intellectual Property Office (EIPO) has signed a Memorandum of Understanding with its Chinese counterpart, State Intellectual Property Office of the Peoples’ Republic of China (SIPO), The Ethiopian Herald reported.

Flinstone Engineering is ready to launch a program that is new to the Ethiopian real estate industry; build small scale production center, Capital Reported. The program is expected to be launched on May 17, 2014 for interested buyers.

The manufacturing building is going to be around the Gotera area and the building is going to be erected on a 1100 square meters area. The building is to be built within three years, and according to Flinstone.

The Ethiopian President, Mulatu Teshome, discussed with Rashad Al-Shawa, President of Mai Resources International (Switzerland) AG, on ways of exporting water from Ethiopia to Kuwait.