2merkato

Ethiopian government secured a U.S $ 100 Million promised loan from the Korean Export Import (EXIM) Bank. The loan is extended for financing part of the Modjo-Hawassa highway project.

A seminar was organized in Stockholm by the Ethiopian Embassy in association with Chamber Trade Sweden and the Swedish-Ethiopian Chamber of Commerce, with the aim of promoting investment and business in Ethiopia.

Ethiopian businesswomen led by the first lady, Roman Tesfaye, made their Istanbul, Turkey, fourth day visit on Tuesday, June 17, 2014 and commented the meeting has enabled them find export market as well as import goods to increase the quality of their products.

Israel’s Foreign Minister, Avigdor Liberman, along with the business delegates of 50 companies that escorted him is having discussion with Ethiopian tycoons over possible partnership deal.

During National Logistics Strategy Study workshop Mekonnen Abera, Ethiopian Maritime Affairs Director, urged for a comprehensive national logistics strategy for Ethiopia to achieve the aim of becoming a middle income country.

George Shoe Corporation Plc, a Taiwanese company operating in Ethiopia, exported 15,000 pairs of ladies shoes on Tuesday, June 10, 2014. It was the first time for the company to export its products.

Ethiopia’s President, Mulatu Teshome, on Saturday, June 14, 2014 inaugurated newly built houses which were built by Sunshine Construction Plc at CMC. Addis Ababa City Mayor Diriba Kuma also inaugurated real estate developed around Bole Beshale by the same company.

Ethiopia’s Prime Minister Haile Mariam Desalegn inaugurated Butajira-Gubre and Alaba-Alemgebeya-Welbareg roads which were built at the cost of 800 Million Birr and 712.7 Million Birr respectively.

The Ethiopian Airlines announced it has wrapped up preparations to start flying to Madrid, Spain and it will commence the service starting from Tuesday, September 2, 2014. The Airlines will fly to Madrid three times a week.

The 2014 African Aviation Summit and Air Finance for Africa, which was organized by the Ethiopian Airlines and African Aviation Service Ltd, urged African governments to give due attention to the sector.