2merkato

China’s Guangzhou Automobile Group (GAC), the world’s second-largest electric vehicle (EV) manufacturer, makes its entrance into the local market.

Gafat Endowment has announced plans to invest 7 billion birr in Ethiopia to establish a paper and pulp project, Tana Paper and Pulp Factory S.C, in the Amhara Regional State

The project will also include a pulp wood farm for a variety of Eucalyptus trees especially adapted to produce pulp.

Gambella Regional State supplied 973kg gold to the National Bank of Ethiopia (NBE) during the last nine moths, the regional mines agency said. The agency told Ethiopian News Agency that over USD 48 million was earned from sale of the  of gold.

The revenue exceeded by USD eight million the amount earned the previous year. The amount of gold supplied to the Bank during the reported period also surpassed by over 200kg that of the previous year.

Ethiopia signed a deal with Djibouti for the construction of a gas pipeline from the Ogaden Basin in eastern Ethiopia to the port of Djibouti.

Bill and Melinda Gates Foundation opened its new regional headquarters office on November 17, 2015, at the International Livestock Research Institute in Ethiopia, according to The Daily Monitor.