2merkato

The project to construct ten sugar factories launched in different parts of Ethiopia estimated to be worth 80 billion birr is progressing well according to the Ethiopian Sugar Corporation.

Various parts of the project including the construction of dams and roads, irrigation and infrastructure development is well under way in the parts of the country where the projects are being launched said Yilma Tibebu, Director of Legal and Public Relations with the Corporation according to Yilma Tibebu.  

The projects are being developed in the Afar, Amhara, Tigray and Southern Regional States as part of plans to enable the country to become one of the top ten sugar exporters in the world.

Construction of a new refined petroleum pipeline, known as Horn of Africa Pipeline (HOAP), stretching over 550- Kilometers between Ethiopia and Djibouti will commence in June. The agreement for the construction of the pipeline was signed last year, The Daily Monitor reported.

Ethiopia’s full service communications agency, 251 Communications, has teamed up with Consumer Insight, an African research agency. The two companies signed a memorandum of understanding on 21 March 2012 in Nairobi.

“It’s a win, win,” said Addis Alemayehou, CEO of 251. Speaking right after signing the deal, he went on to explain how both companies will benefit from the marriage. “This heralds a new era in consumer research in Ethiopia. We will greatly benefit from Consumer Insight’s African experience, while Consumer Insight will benefit from our local knowledge of our country”.

“Ethiopia,” says a visibly excited Ndirangu wa Maina, the MD of Consumer Insight, “is an understated giant. With its population of over 80 million people, it’s such a vast market that anyone who is serious about the region and Africa can’t afford to ignore any more.”

The Trade Practices and Consumer Protection Division of Ethiopia's consumer protection agency officially launched its operation on Thursday October 10, 2013, Capital reported.

The division is tasked with arbitrating, imposing administrative and civil sanctions and protecting citizens and businesses from anti-competitive and illegal trade practices.

Cool Port Addis, Ethiopian Shipping and Logistics’ (ESL) project, will be launched this Ethiopian year. This initiative aims to revolutionize the storage and transportation of Ethiopian fruits and vegetables, paving the way for increased exports and foreign currency earnings.