2merkato

The Chinese real estate company, Tsehay Real Estate Plc, is going to start selling units in the coming October on one of the buildings it is 70 percent complete.

Tsehay Real Estate disclosed it will start selling apartments beginning from Monday, September 15, 2014. The apartments’ are 70 percent completed and their price tags range from 16,000 Birr to 28,000 Birr per square meters.

Three-wheeler assembly plant owned by Redawa Motors Industry PLC and located in Dire Dawa City, Ethiopia, is scheduled to start production in 2 months time. The assembly line is found in Dire Dawa’s Industrial Village.

Britain's Tullow Oil is to start drilling its third well in Chew Bahir, according to The Reporter.

Tullow Oil will start mobilizing its drilling crew to Chew Bahir at the end of this month, Tullow’s senior corporate affairs adviser, Sisay Zerihun, told The Reporter.

Tullow Oil’s third oil exploration well, Shimela-1, drilled in Chaw Bahir basin has turned out to be dry, according to The Reporter. Tullow started drilling the well in March 2014 using Exalo 250 rig in the South Omo Zone.