2merkato

A Hong Kong based Ethiopian company, South West Energy, is to sign a petroleum production sharing agreement with the Ethiopian Ministry of Mines.  The Ministry is prepared to sign the agreement upon approval from the Cabinet said Sinknesh Ejigu Minister of Mines.

South West Energy presented an inquiry to the MoM to undertake exploratory activities in the Gambella Basin in August 2010. The Petroleum Licensing and Administration Department of the MoM reviewed the proposal from SWE and negotiated terms in the absence of other interested parties.

Eight mobile assembly companies that are operating in Ethiopia have finished the preparatory works to export their products, according to Metal Engineering Industry Development Institute.

The Ethiopian Ministry of Industry has signed agreement with the Chinese Association of Industry Zones for construction of an industry zone in Dire Dawa town. 

According to the agreemnet, the association will draft master plan for the industry zone and carry out study on the construction of the zone. 

Ethiopian Ministry of Industry announced that it has put in effect the new export trade incentive directive.

Ministry Public Relations and Communication Directorate Director, Melaku Taye, told WIC, the new directive is aimed to help boost export trade performance.

Moreover, the new directive will also enables to give efficient service to the business community and allows them to create network among themselves, he said.

The new directive will also help to provide the necessary support to producers and exporters, he added.

Sourec: Walta

The Ethiopian Ministry of Industry said it has submitted a draft proclamation to the Council of Ministers for the establishment of three different institutes for various sectors as part of the government's plan to boost the manufacturing sector of Ethiopia.

The main objective of setting up the institutes is to help the government's endeavor to realizing the role the manufacturing sector plays in driving Ethiopia's economy.