FAAS Trade and Investment Ltd., a U.K company showed interest to buy oilseed and coffee from Ethiopia. According Fares F. Oufi, sales manager, the company will buy as much as ten thousand tons of sesame every year.
FAAS's biggest market is China and Oufi said, Japan will also be its export destination soon.
Add a comment Add a commentDangote Industries PLC applied for silica exploration license in Ethiopia. Silica is the major raw material for glass manufacturing. Dangote applied for the mining license to establish a glass manufacturing plant.
Dangote has also commenced work on cement manufacturing plant in Ethiopia. The cement factory, located in Mugher town, will have a production capacity of 1.5 tons per annum.
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The Addis Ababa City Administration, Housing Development and Administration Agency announced the winners of the 8th round condominium houses beneficiaries on 20 March 2013.
The announcement was published on Addis Lessan, the City Administration's official newspaper and on its official websites. Add a comment Add a commentThe Development Bank of Ethiopia (DBoE) said it has distributed 3 billion birr loan during the past eight months of the Ethiopian Fiscal Year.
President of the bank, Isaias Bahre, told WIC the loan was disbursed among financial institutions, cooperative association and unions as well as other clients.
Add a comment Add a commentA 12 member Ethiopian business delegation took part in a host of business seminars and discussions in Israel.
The visit was organized to introduce Israel's technology and businesses to Ethiopia through partnership with Ethiopian businesses. Businesses in agro-industry, automotive, hotel and tourism, energy and manufacturing industry, among others, were involved in the visit.
The Ethiopian delegation said, the visit further enhances existing relations between businesses of the two countries. The visit intends to identify companies that can invest in Ethiopian energy generation and distribution sector.
The trading exchange between the two friendly countries has now reached around 83 million dollars.
Source: Walta
Add a comment Add a commentThrough the United States Agency for International Development (USAID) Ethiopian Sustainable Tourism Alliance (ESTA) project with funding from the US President’s Emergency Plan for AIDS Relief (PEPFAR), the new community-based tourism sites in Lephis and Ziway are inaugurated in Oromia Regional State.
The sites were developed to present natural and historic attractions and activities in an Eco-friendly manner that will maximize the benefit for the local community.
Add a comment Add a commentMTN Ethiopia, African mobile operator announced the launch of prize award programs to promote young Ethiopian women's innovation and business ideas in cooperation with Addis Ababa University.
Happy-Girl Buthelezi, MTN country manager for Ethiopia said, the reason MTN Ethiopia decided to award women for innovative and new business ideas is, in most situations, young Ethiopian girls involvement in the ICT sector is way below than what the boys already do.
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Asseco, a Polish software company is to partner with Ethiopian information technology companies to establish a software developing company in Ethiopia. Asseco is Europe's seventh largest software developing company.
“Our focus is it to expand in Africa, particularly Ethiopia,” Dariusz Brzeski, member of the company's supervisory board, said.
Aksher Ethiopia, a Turkish investors owned company is establishing an animal by-product processing plant and abattoir at a cost of 196 million Birr in Ethiopia.
The animal by-product processing plant will be erected on a 2,300sqm plot of land located in Lome Wereda, near Modjo town, while additional 2000 sqm of land will be used to construct abattoir.
The company acquired the land from the government on a 40 year lease agreement. The processing plant will collect animal by products from abattoirs throughout Ethiopia, including, Hawassa, Jimma, Dire Dawa, Harar, Mekelle, Bahir Dar, Gonder, Dessie and other towns.
Add a comment Add a commentThe Ethiopian Aviation Academy on Thursday graduated 61 cabin crew and 38 marketing trainees.
On the occasion, Ethiopian CEO Tewolde Gebremariam said a premier aviation academy is being built on the continent as part of the Vision 2025 of supporting the development of the aviation industry in Ethiopia and in Africa with skilled personnel. Add a comment Add a comment
