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.
Sheger express busses are expected to commence service on Friday, May 27, 2016 for residents of Ethiopia’s capital.
Mekelle, an Ethiopian Cargo Ship, docked at the port of Massawa, Eritrea, after two decades. The ship will carry 11,000 tons of Eritrean zinc exports to China with a freight of of USD 618,825.
The Shire Endaslassie branch of the Commercial Bank of Ethiopia reported the purchase of 13.4 quintals of gold from legal gold dealers over the past three months. The bank’s branch manager, Mr. Tekie Gidey, revealed that the purchases were made from traditional gold producers during July, August, and September.
