Addis Ababa Investment Commission said it has given 3,005 investment licenses in three months. The achievement, the Commission noted, exceeds the target it set for the period for Ethiopia's capital by 11 percent.
The Addis Ababa Cooperatives Agency said that agricultural and industrial food products worth over 48 million birr have been transacted on Sunday markets at selected spots all over the city.
Ovid Betoch Bank aims to raise Birr five billion within six months to meet the growing demand in the mortgage market.
OVID Group, a local real estate developer, is proposing a solution to Addis Ababa's transportation woes: cable car technology. The company has already completed a project study.
Ovid Real Estate has announced plans to construct 5,000 homes for drivers of Hybrid Designs’ RIDE service and artists associated with Sewasew Multimedia. In a recent agreement, the two companies have committed to building a “Ride Family Village” in Gelan Gura, designed specifically for RIDE drivers.
