Global Green Growth Institute (GGGI) is reported to be set to open its Africa office in Ethiopia. Speaking during the opening of Global Green Growth Week 2017, the Institute’s Director, Frank Rijsberman, disclosed the news.
GH Industrial plc, manufacturer of gypsum board and gypsum flour in Ethiopia, is to inaugurate two factories in the Amhara Regional State.
The gypsum board factory has the capacity to produce 4.2 million m2 of gypsum boards, will the gypsum mill is able to produce 50 thousand tons of gypsum flour per annum said Awel Buseri, Vice General Manager with GH.
The factories were turnkey projects with components imported in China and installed by Chinese engineers he said. The project took two years from the initial feasibility study to the final installation according to Awel.
The Ghanian pharmaceutical company mPharma has signed an agreement with Ethiopia's Belayab Pharmaceuticals PLC to launch Haltons Pharmacies. Haltons Pharmacies will operate as a franchisee of mPharma.
An increasing number of local investors have shown interest on Ghion. The local investors were seen buying bid documents from Privatization and Public Enterprises Supervising Agency starting from last month.
As it to be remembered the agency issued the tender on November 23, 2012, for Ghion hotel with other four government agency.
Nine different companies have bought the bid document for Ghion Hotel, which the starting price set to be 1.7 billion birr according to sources.
The Ethiopian Privatization and Public Enterprises Supervising Agency is to lower the indicative price set for Ghion Hotel, Addis Ababa on the basis of recommendations received from external consultants, SAB Management and Development Consultancy according to sources.
The exact amount of the new price was not disclosed by the PPESA although officials confirmed that the indicative price will be lower than it was in the previous tender.
It is to be remembered that the agency had successfully offered a tender for joint venture for the hotel several times before putting it up for full privatization in the last financial year. The indicative price set at the time was not based on current research but extrapolations on the basis of research conducted at the time the hotel was being offered for joint ownership according to Wondafrash Assefa, Head of Public Relations with the PPESA.
