The Ethiopian Construction Works Corporation (ECWC) announced that it is currently managing 57 projects with a combined contract value of Birr 45.2 billion. The state-owned construction firm aims to generate Birr 1.9 billion in revenue this fiscal year.
Ethiopian Construction Works Corporation (ECWC) and Djibouti's Enterprise Dawaleh Construction (EDC) have signed a memorandum of understanding (MoU) to strengthen their strategic collaboration.
The Ethiopian Construction Works Corporation revealed that it was prepared to engage in the real estate sector in addition to its housing development program.
The Corporation is currently carrying out Addis Ababa City Administration’s housing renovation program and has also entered an agreement with the Administration for the construction of 10,000 houses which, according to the Corporation, will be completed within 2 years.
With the goal of becoming the top construction firm in Africa, the Ethiopian Construction Works Corporation (ECWC) is launching an expansion strategy to develop its presence in Kenya and South Sudan. It also intends to establish branches in additional African nations, such as Egypt, Rwanda, Equatorial Guinea, and others.
Ethiopia’s new Trade Practice and Consumers Protection Authority organized under the Ministry of trade is to launch activities soon.
The authority is intended to safeguard the rights and privileges of consumers to inspect good and to enhance the efficiency of trade according to proclamation 685/2010 which formed it.
The authority is managed by Merkebu Zeleke under the title of Director General and overseeing a range of departments including those focusing on investigation, research, implementation, dissemination and an attorney general.
