Yod Abyssinia, one of the well-known traditional restaurants in Ethiopia’s capital, joined the hotel industry opening a 3 star hotel. The hotel is located on Haile Gebresilassie Avenue and it is said to be built with an investment of 35 million Birr.
Addis Ababa University (AAU) signed a 700 million Birr project with Yotek Construction PLC to construct 12 story dormitory to be used by 2,000 students. The building is going to be built in Tikur Anbessa Specialized Hospital (TASH) compound.
Ethio Engineering Group (EEG) signed an agreement with Yotong, a Chinese company, to manufacture city buses under Bishoftu Automotive Manufacturing Industry.
China’s leading tractor manufacturer, YTO-CAMAC, laid a foundation stone in Mojo town to construct a factory which is capable of producing 10,000 tractors annually.
The company’s International Director, Mr. Liu Pi, vowed to work in coordination with Ethio-Engineering Group to modernize Ethiopia’s agriculture. The company is expected to become operational in 2015 E.C.
Zabidar Beer S.C. has joined Ethiopia’s beer market as the latest entrant with a beer which is 330 cl and has an alcohol content of 5 percent. The company has introduced pull of caps, also known as RipCap, for the first time in Ethiopia – meaning the beer bottles do not need bottle openers.
