Ethiopia: ERA Awarded Road Upgrade Project to a Chinese Company
Ethiopian Roads Authority awarded a 1.2 billion Ethiopian birr road construction project to Chines Company, Sino Hydro Corporation Limited.
The contract for the 90 KM long road upgrade project from Bahir Dar to Zema Wenze was signed on September 9, 2013 in Addis Ababa, Ethiopia.
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Brookside Dairy, a Kenya based milk processing and marketing company is eyeing to acquire 20 percent share in Ethiopia's Elemtu Milk Integrated Industry, Fortune reported.
The Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is to establish a Corporate Governance Institute, that seek to govern conducts of private businesses in Ethiopia.
The Ethiopian Government and Icelandic International Development Agency (ICEIDA) signed a partnership agreement for geothermal surface exploration and capacity building for geothermal development.
The Addis Ababa City Roads Authority is to launch the construction of the road stretching from St. George Church to 18 Mazoria in Kolefe Keranio District and the road from Inter-city Bus terminal to Lideta Church, in October 2013.
Ethiopian Airlines and the Eastern and Southern Africa Trade and Development Bank (PTA) signed a US$ 22 million loan agreement at Capital Hotel, Addis Ababa, yesterday.
Ethio Leather Industry PLC (ELICO), a subsidiary of MIDROC Ethiopia, inagurated a new shoes factory on September 7, 2013.
Ethiopia's Construction & Business Bank posted a net profit of 110 million Ethiopian birr in the 2012/13 Ethiopian Fiscal Year.
