Ethiopia: Yotong and Ethio Engineering Group Agree to Manufacture Buses
Ethio Engineering Group (EEG) signed an agreement with Yotong, a Chinese company, to manufacture city buses under Bishoftu Automotive Manufacturing Industry.
Ethiopia: YTO-CAMAC to Begin Construction of a Tractor Factory
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.
Ethiopia: Zabidar Beer Joined Market with New Features
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.
Ethiopia: Zam Zam Bank to Build a 30 Storey Headquarters in Addis Ababa
Zam Zam Bank, Ethiopia's first interest-free bank, has announced plans to construct a 30-storey headquarters in the financial district of Addis Ababa at a cost of Birr 2 billion.
Ethiopia: Zamra to Construct Stadium with 500 Million Birr
Zamra Construction agreed with Addis Ababa Youth Sport Bureau to construct a zonal stadium in Ethiopia’s capital, Addis Ababa, at an outlay of 500 million Birr. The stadium is going to be constructed at Ayat locality, in Bole Sub City.
