2merkato

Ethiopian Enterprise Development (EED) reported that it would facilitate the provision of operating loan and machine lease to manufacturing enterprises in the current fiscal year by strengthening engagements with regional bureaus and financial institutions.

Accordingly, it revealed that operating loans totaling ETB 1.66 billion would be distributed to 1,591 manufacturing enterprises through banks and microfinance institutions. EED also stated that production equipment worth ETB 1.6 billion would be provided to 1,430 enterprises.

Ethiopian Railways Corporation (ERC) disclosed around 30 passenger locomotives have arrived at Endobi Station, which is along the Ethio-Djibouti railway line. The locomotives are said to have the capacity to travel up to 120 kilometers per hour and carry from 113 – 168 passengers at a time.

Federal Office of Road Fund (ORF) has maintained 133, 000 kilometers of road with 6.4 billion Birr in GTP I, Walta Information Center (WIC) reported.

The Oromia State Culture and Tourism Bureau has announced its preparations for the inaugural “Irreechaa Expo 2024,” set to be held at the Addis Ababa Bazar and Exhibition Center from September 28 to October 4, 2024.

The Oromia Investment and Industry Bureau announced the approval of investment licenses for ventures totaling over Billion 148 billion. These investments are expected to generate job opportunities for more than 509,000 young people in the region.