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Ethiopian Institute of Agricultural Research (EIAR) said it is expanding biofertilizer technology in Ethiopia.

Soil and Water Research Directorate Director with Ethiopian Institute of Agricultural Research , Doctor Tolossa Debele, told Walta Information Center, the new technology would enable to double pulse production.

The new biofertilizer technology has a significant contribution in maintaining soil fertility and natural resources as well as replacing Urea fertilizer, he said.

Kanoria African Textiles PLC, a subsidiary of India based  Kanoria Chemicals & Industries, is establishing a denim fabric manufacturing factory in Ethiopia, the first of its kind in East Africa.

The company will erect the factory on a 153,000 sq m plot squired on lease in Bishoftu town of Oromia Regional State, 44 km southeast of Addis Ababa. when construction is completed in January 2014, the factory will have a capacity to produce 12 million meters of denim annually. The factory will also create 350 jobs, mainly for Ethiopians. Add a comment Add a comment

Allana Potash, a Canadian company focusing on potash asset development and several potash concessions in Ethiopia has announced last week that it has filed a complete feasibility study to the Ethiopian Ministry of Mines in a bid to acquire a mining license.

The Environmental, Social and Health Impact Assessment report, which comprises the mining license application is also in the final approval stage and the company is expecting a decision by the end of this month, according a press statement released on the Company's official website. Add a comment Add a comment

LG Electronics is to open a Technical & Vocational Education & Training College in September in Ethiopia. The college will offer courses in information technology and electronics maintenance.

The College will also offer additional courses in agriculture, according to Yong Geun Choi, representative for LG’s Ethiopia office speaking at the launch of the LG Hope Village in Sendafa, Ethiopia on April 16, 2013.

The TV and cell phone maintenance program offered will be specific to LG products, while the rest of the courses are general. LG will supply teaching materials and use Ethiopian instructors.

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The 2013 African Growth and Opportunity Act (AGOA) Forum which will be held in Ethiopia will be instrumental in strengthening ties between Sub-Saharan African countries, Ethiopian Ministry of Trade (MoT) said.

Ethiopia is preparing to host the 12th AGOA forum which will be held in June 2013.  A delegation from US has recently visited Ethiopia to assess the preparation.

“The forum will help sub Saharan African countries to link up in investment,” Amakele Yimam, Director of Corporate Communication Directorate at Ministry of Trade, told WIC. Add a comment Add a comment

The Amhara Credit and Saving Institution (ACSI) S.C said it has disbursed more than 2.3 billion Ethiopian birr loan during the past nine months.

Company Operation Sector Deputy General Manager, Agaje Getahun, told Walta Information Center, the loan was distributed among individuals engaged in production, service, trade, construction, animal fattening and other sectors. Add a comment Add a comment

Gambella Regional State supplied 973kg gold to the National Bank of Ethiopia (NBE) during the last nine moths, the regional mines agency said. The agency told Ethiopian News Agency that over USD 48 million was earned from sale of the  of gold.

The revenue exceeded by USD eight million the amount earned the previous year. The amount of gold supplied to the Bank during the reported period also surpassed by over 200kg that of the previous year. Add a comment Add a comment

The Ethiopian government is proposing to establish the Food, Beverage & Pharmaceuticals Industry Development Institute and the Chemicals & Construction Materials Development Institute. The two institutes are expected to be operational in the coming fiscal year after the Council of Ministers grants its approval.

“This is the result of the government’s plan to transform the manufacturing sector,” Tadesse Haile, state minister of Industry told Fortune. Add a comment Add a comment

The National Bank of Ethiopia concluded contract with Afcor PLC. local vendor for the supply of IBM equipments and database solutions for worthing USD one million. Six months ago, NBE has contracted the Indian company Polaris to replace its old CORE Banking system for USD 3.4 million.

Twelve companies bought bid documents, and three has submitted offers for the international tender floated in December 2012. Other than Afcor; United System Integrators (USI), which supplies Hewlett Packard (HP) hardware, and Boston Consulting, supplier of Oracle, also participated. Add a comment Add a comment

The privatization bid for Ethiopia's biggest state-owned hotel, Ghion Hotel Enterprise, once again failed to attract buyers on the bid opening day held on Friday.  No bid documents were submitted sealed  when the box was opened in the bid hall of the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA).

According to the information obtained from the agency, bid document for the hotel was sold to interested bidders, but apparently they didn’t submit their bid offers. Add a comment Add a comment