2merkato

Ethiopian Airlines, one of the leading African airline announced that it has become strategic partner of the new Malawian Air with acquisition of 49 per cent equity shareholding. The remaining 51% of the shares is held by the Malawian Government and Malawian private investors.

The shareholder agreement for Malawi Airlines was signed between Dr. Cornelius Mwalwanda, Deputy Minister of Finance of the Government of the Republic of Malawi and Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airline in Lilongwe on Thursday, 11 July 2013. Add a comment Add a comment

Speakers of the Ethiopian and South Korean Parliaments expressed their commitment to further strengthen investment cooperation between the two countries.

During talks with with Korean Republic Parliament delegation headed by  Speaker Kang Lee yesterday, House of Peoples Representatives Speaker Abadulla Gemeda said tthat at Ethiopia will create favorable conditions for Korean investors interested to invest here.

The state owned Ethiopian Shipping and Logistics Service Enterprise (ESLSE) has announced new marine freight-rate, effective July 1, 2013.

The new rate adjustment includes a 6 per cent discount on 20 feet containers and an 8 per cent decrease on 40 feet containers.

Bombardier Aerospace has named Ethiopian Airlines as an Authorized Service Facility (ASF) for commercial aircraft.

The agreement which is expected to take effect by late August, will see Ethiopian Airlines provide maintenance services for Bombardier's growing fleet of Q400 and Q400 NextGen turboprop aircrafts in Africa. Add a comment Add a comment

The Ethiopian Ministry of Trade announced that Ethiopia expects join the World Trade Organization (WTO) by 2015.

Lesanework Zerfu, Head of the Multilateral Trade Relations Department of the Ministry told journalists at a press conference that Ethiopia’s accession to WTO is expected to be finalized in the third quarter of 2015.

The Ethiopian Ministry of Urban Development and Construction has drafted an amendment to the contractors’ registration directive.

In the draft amendment registration criteria for contractors in all categories have changed based on the grade for which the contractor is applying. Add a comment Add a comment

A coffee plantation owned by the legendary Ethiopian long distance athlete Haile Gebreselassie has officially launched planting coffee on 1,500 hectare plantation located in Sheka zone, Souther Regional State.

The area where the plantation is located is said to have abundant rainfall and nutrient-rich soil, ideal conditions for growing coffee. Add a comment Add a comment

Representatives six Italian textile machinery manufacturing companies visited Ethiopia and held a discussion with Ethiopian businesses on Tuesday 02 July 2013 at the Addis Ababa Hilton Hotel.

“Ethiopia is a country with great prospects that is willing to invest in order to allow its textile sector to continually grow. The goal of this mission is, not just to present what our sector has to offer, but to develop a dialog with local authorities for a program of long term cooperation,” said Raffaella Carabelli, President of the Association of Italian Textile Machinery Manufacturers. Add a comment Add a comment

The Omo Kuraz sugar development project in Ethiopia has reportedly created jobs for  more than six thousand residents of the of the area, according to Nuredin Asaro, General Manager of Omo Kuraz sugar development project.

The project comprises the construction of five of the 10 sugar factories planned to be built across the country by the end of the Growth and Transformation Plan (GTP) period. Add a comment Add a comment

The Ethiopian Investment Agency announced 189 projects with over 10 billion Ethiopian Birr capital have gone operational in the past Ethiopian Fiscal Year.

Getahun Negash, from the Agency's Public Relations Directorate said the number of projects being operational is growing every year. Add a comment Add a comment