2merkato

Ethiopia is planning to earn U.S $ 47.48 Million during the holy fasting Ramadan month, from the export of meat and animals. The export destinations are said to be the Middle East countries.

United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, which was released on Wednesday, June 24, 2014, has shown Foreign Direct Investment (FDI) which flowed to Ethiopia by the year 2013 has reached U.S $ 953 Million. The report is dubbed ‘Investing in the Sustainable Development Goals’.

Ministry of Mines has announced it is working on a new bill that will force mining companies to become more transparent.

Messebo Cement Factory is working to shift its energy source from coal and electricity to biomass.

Chemicals and Construction Materials Development Institute announced two more cement factories will commence production in four months time. The factories are Ethio Cement and Dangote.

Ethiopian Ambassador to Djibouti, Suleiman Dedefo, announced in a bid to build economic integration, preparation for mutual strategic plan is being carried out by Ethiopia and Djibouti.

Project coordinator for Kuraz Sugar Development announced Omo Kuraz -I sugar factory will commence sugar production in two months time.

During the past 11 months Water Works Design and Supervision Enterprise (WWDSE) managed to secure a 220 Million Birr profit from its 42 projects.

Ethiopia’s flag carrier Ethiopian Airlines has concluded a loan agreement of 50 Million Euros with the Agence Française de Développement (AFD). The loan is going to used for financing the construction of the new state of the art cargo terminal.

Ten government agencies and a trade association signed a Memorandum of Understanding (MoU) here in Ethiopia on Saturday, June 21, 2014 for the execution of project called One Window Technology for International Trade. The project is estimated to cost U.S $ 7.3 Million and expected to save the country 16 Billion Birr in two years time.