Shalom Health Care, a private limited company, broke ground on a USD 250 million medical equipment manufacturing plant in Hawassa, Ethiopia, last week. The plant, which is expected to be completed in two years, will create 5,000 jobs and help to alleviate the country's reliance on imported medical equipment.
Sheba Investment Plc is going buy more shares of National Tobacco Enterprise (NTE) in order to get majority share of 60 percent of Ethiopia’s sole tobacco producer and distributor.
Ethiopian Airlines, the largest and fastest growing African airline, proudly announces that it will introduce a Platinum tier level in its frequent flyer loyalty program, ShebaMiles, as of January 2017.
Sheger Bread factory, which is owned by MIDROC Ethiopia's subsidiary Horizon Plantation Ethiopia PLC, has been inaugurated today in Addis Ababa, Ethiopia. Ethiopian Prime Minister Abiy Ahmed, inaugurating the facility, noted the factory serves to show Ethiopia's successful path towards food security.
Horizon Plantation PLC announced that its Sheger Bread project will be up and running in two weeks. Sheger Bread project is aimed at alleviating the shortage of bread in Ethiopia's capital Addis Ababa, and stabilize the price of bread in the city.
