2merkato

3000 Ethiopian businesses are to benefit from a project that is aimed to develop market chains and offer training as well as marketing opportunities to the entrepreneurs. The project is going to be funded by the Ethiopian government and the EU and has its main focus will be on empowering women and the country’s youth population. It is expected to reach out to approximately 1,500 women and 500 young people.

The Ethiopian Resort and Spa, Kuriftu, has requested from the Commercial Bank of Ethiopia (CBE) a 400 Million Birr loan for an expansion work at its resort in Debrezeit.

Sur Construction, an Ethiopian construction firm, has won a bid for the construction of a 53 Kilometers asphalt road in the Tigrai Region.

Guts Agro Industry is ready to provide pre packed staple Shiro in the Ethiopian market. The Company has made this move after securing 66,000 dollars in funding from USAID.

Asian Paints, an Indian paint manufacturer, has acquired the majority share of Kadisco Chemicals Industry Plc, a subsidiary company of Kadisco Group, operating in Ethiopia.  Asian by virtue of its new deal has got its hands on 51 % of Kadisco’s share.

The Ethiopian parliament has ratified the Special Status Agreement (SSA), a document that was signed by Ethiopia and Kenya back in November 2012. It was only on April 8, 2014 that the Ethiopian parliament ratified the agreement while it’s Kenyan counterpart has ratified the agreement earlier this year.

Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce the commencement of four weekly flights to Kano, Nigeria, starting 24 May 2014.

Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce that it has won the Best Airline of the Year Award at MICE Magazine’s 7th Annual Award Ceremony held in Beijing, China on April 11, 2014 in the presence of 200 top travel trade professionals, travel agents, representatives of the national tourism offices and media from all over China.

The National Bank of Ethiopia (NBE) has issued a new directive allowing the establishment of local reinsurance companies, according to The Reporter.

Ethiopian Airlines, the fastest growing and most profitable Airline in Africa, is pleased to announce the commencement of daily services to Shanghai, China as of 29 March 2014. Ethiopian operates the Shanghai flight using its B787 Dreamliner with 24 Cloud Nine Business Class and 246 Economy Class seats.