2merkato

The Ethiopian Ministry of Mines has issued a new directive that restricts the size of land that can be acquired by artisanal miners or small scale producers to five square kilometers, according to The Reporter.

An Indian company, ShriVallabh Pittie (SVP) group, is going to install Africa’s largest cotton mill in Ethiopia. The company will invest US$ 500 Millionfor the mill that is going to produce cotton yarn solely for export purpose.

Ethiopia has signed new agreements with China as the Chinese Prime Minister Li Keqiang arrived in Addis Ababa on the Sunday, May 4, 2014. This is Li’s first visit to Africa since he came to office last year.

Ethiopia has secured a US$ 1.3 Billion loan for the Aysha Wind Farm project, according to the Ethiopian News Agency.

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.