2merkato

Nile Insurance S.C, one of the insurers in Ethiopia, paid a sum of 231 million Birr during the last fiscal year. This is according to unaudited report by the company.

Addis Ababa City Administration announced that it has inaugurated road projects all over the city, close to 20km long and with varying width, built at a cost of over 1.9 billion birr. The newly finished road projects will "aid [the city's] social and economic development by facilitating traffic flow," Adanech Abiebie, Addis Ababa's mayor, said in a social media post.

NMC Real Estate, a relatively new player in the housing development industry in Ethiopia, has started a construction project to build 600 houses.

The Ministry of Tourism recently announced the results of hotel evaluations. Accordingly, none of the 64 establishments assessed achieved the coveted 5-star rating. This follows a similar trend in 2022 and 2023, where evaluations of the same number of hotels yielded no 5-star designations.

Tender floated for Hawassa Industrial Park factory shed failed to attract any offer after only 9 companies bought the bid documents. Following this, Ethiopian Industrial Parks Development Corporation (IPDC) announced it would float the tender again which in the first place was only for local investors.