2merkato

Germany signed a Euro 100 million agreement with Ethiopia yesterday to help the country’s training and job creation programs financially and technically. Dr. Abraham Tekeste, Minister of Finance and Economic Cooperation Minister, said, “The agreement is instrumental in generating job opportunities for the young generation since it supports training and job creation program in Ethiopia,” adding that it is significant to give the needed attention to the youth, who comprise 70% percent of Ethiopian population, in order to improve their capacity.

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.