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Ethiopian manufacturing industries and import-export companies are participating in the 8th World Cooperation Industries Forum. The Forum is being held in Istanbul with a view to enhancing the cooperation between African and Turkish investors and showcase the products of Turkey’s Small and Medium Enterprises.

The Forum will be closed on March 23rd. It is hosting manufacturers from 41 countries and 300 Turkish manufacturers. Close to 1000 visitors are expected to attend the Forum.

Source: Fana BC and WCI Forum

Image source: Fana BC

Five Ethiopian companies which are engaged in business outsourcing will engage in an international technology fair which will be held in Dubai this year. The companies participating in the GITEX Global Summit in Dubai are Africom Technologies, Excellerent Technology Solutions, IE Network Solutions, Orbit Health Solutions, and R&D Group.

Ethiopian company, Belayab Car Assembly plc, introduced a new model vehicle assembled in Ethiopia. The company based in Adama, Ethiopia is in partnership with First Automobile Workshop a Chinese company.

The new model vehicle, named Vela, is expected to retail for 315, 000 birr with an initial promotional discount rate of 290,000 birr to 298,000 birr.

Belayab reached an agreement with the First Automobile Workshop a year before it began production on the Vela according to Solomon Habtamu Manager of Belayab.

Coffee Plantation Development Enterprise (CPDE) announced that it had earned 84 million birr by selling coffee at local and foreign markets over the last fiscal year. The enterprise sold 64,000 quintals of coffee during the reported period.

Countries to which the enterprise exported coffee include the United Sstates, Australia, Belgium, Germany, Italy, Japan and Sweden.

About 49.5 million birr of the 84 million birr profit was obtained from over 16,000 quintals coffee sold locally.
According to the director general of CPDE, the amount earned from the export of coffee is up by 56 million from last year’s earnings. 

Zablon Trading Private Limited Company opened a processing plant for oilseed and pulses on 1 October 2011.  The plant is expected to clean and sort over 1,200 quintals of export standard oil seeds and pulses every year.

The company has exported oil seeds and pulses valued at approximately 5 million dollars, last year and is planning to raise its exports to 25 million this year said Biniam Bedewi Owner and Managing director of Zablon.  He said that they hope to achieve this through developing human resource and creating stronger links with local banks.