2merkato

Ethiopian Power Engineering Industry (EPEI) announced its wire and cable production plant, which was established in 2012, has commenced pilot production.

Trade unions and employers from 15 companies concluded a Memorandum of Understanding (MoU) on Tuesday, July 2, 2014, during a meeting organized by the Labour and Social Affairs Bureau of Addis Ababa.

Ministry of Foreign Affairs announced Ethiopia concluded a bilateral agreement with Russia for the purpose of cooperation in areas of agriculture and energy.

During a pre bid meeting on Monday, June 30, 2014, Ethiopian Railway Corporation pronounced it is looking forward to establish an international system which will enhance operation and maintenance works.

Ethiopian Tourism Organization (ETO), which is a newly established organization, is said to have commenced operation on Tuesday, July 1, 2014.

National Aviation College concluded a Memorandum of Understanding (MoU) with three Chinese institutions for the purpose of offering aviation education.

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.