2merkato

14 giant car and machinery exclusive agents to Ethiopia formed an association to voice common interests of the rivaling companies

An exhibition that covers five industrial areas and features 83 international companies is going to be opened in Ethiopia on Thursday, October 16, 2014.

Ethiopia will receive 120 million USD loan from Export-Import (EXIM) Bank of China for the expansion project of Addis Ababa Bole International Airport passenger terminal.

The government of Ethiopia has reached an agreement with the Export-Import Bank of India (Exim) for a 91 million dollar loan to fund exports and consultancy services for the development of the country's sugar industry.

The loan went in to effect as of 21 May 2011 and the agreement was executed as of February 18, a statement from the Reserve Bank revealed.

The agreement concluded on 18 February 2011 is for funding eligible goods and services, including consultancy services, machinery and equipment from India for the purpose of financing the development of the sugar industry in Ethiopia.

About 75 percent of the goods and services, including consultancy services, from the credit provided under the agreement, have to be sourced from India according to the press release.

Source: Economic Times

The newly expanded Bole International Airport is officially inaugurated, along with the five-star Sky Light hotel owned by Ethiopian Airlines.