2merkato

Ethiopian Airlines has mandated Natixis as Pre Delivery Payment (PDP) Facility Lead Arranger and Eastern and Southern African Trade and Development Bank (PTA Bank) as PDP Facility Co-Arranger to provide pre-delivery payment loan financing for its batch of four new Boeing 777-200 LR Freighter aircraft, to be delivered between autumn 2014 and winter 2015.

The Central Statistical Authority (CSA) of Ethiopia projects a 10 percent increase crop production yield by smallholder farmers in the current fiscal year, Ethiopian Herald reported.

The U.S. Agency for International Development (USAID) announced the inauguration of the Bishoftu Farm Service Center (FSCs), last Tuesday, December 17, 2013, Ethiopian Press Agency reported.

The Ethiopian House of Peoples' Representatives passed the revised Raw Hides, Skins & Hides Marketing Proclamation during its ninth regular session on Thursday, The Reporter reported.

The International Air Transport Association (IATA) last week announced that Ethiopia’s air cargo market is the fastest growing in the world, along with Vietnam, Bangladesh Brazil and Peru, The Reporter reported.

The government of Ethiopia and France on Thursday signed two loan agreements amounting to 70 million Euros to support construction of high-voltage transmission lines and sanitary landfill, Ethiopian News Agency reported.

The Ethiopian Airports Enterprise is planning an expansion project of the Addis Ababa Bole International Airport passengers’ terminal at a cost of US$250 million, according to The Reporter.

Tewodros Dawit, CEO of the Ethiopian Airports Enterprise, told The Reporter that the expansion project is part of the Airlines' Vision 2025 development strategy.

Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce the signing of a technical support agreement with fellow sisterly African airline, Rwandair on 18 December 2013 in Addis Ababa.

Ethiopia has picked Lazard Ltd, French investment bank and asset management firm to procure credit rating companies for its debut sovereign Eurobond, Reuters reported today.

Ethiopian Roads Authority (ERA) today signed a 1.5 bln birr contract with China First Highway Engineering Co. Ltd (CFHEC) for the Dessie-Kutaber-Tenta road upgrade project, Walta Information Center (WIC) reported.

The 67.5 km long ten meters wide asphalt road upgrading project will link South Wello Zone to North Wello in the Amhara Regional State.