Helios Towers is considering a move into Ethiopia's telecom market, the companies CFO Tom Greenwold told Bloomberg. The CFO said Ethiopia is "a highly attractive market" to Helios to the extent that it had already approached possible partners to discuss a move into the market."
Hibir Sugar S.C, signed a memorandum of understanding (MoU) with the Ethiopian Metal & Engineering Corporation (MetEC) on Tuesday, October 1, 2013 for construction of its factory Fortune reported.
The MoU, signed at the MeTEC’s Hotel in Nifas Silk Lafto sub-city, is expected lead to a final contract in six months to build the factory.
ZTE, the Chinese telecom, and Hidassie, an Ethiopian firm, concluded an agreement to import and assemble ZTE smartphones here in Ethiopia.
Hide and skin prices saw an increase of 25% in Ethiopia last month. The price of hide and skin normally lowered or remained the same during holiday seasons but that has not been the case this year said the Leather Industry Development Institute in Ethiopia.
The recent increase in prices is related to the rise in new tannery production and the growth of the leather industry according to officials with the Ethiopian Leather Industries Association.
A high level study being conducted by various government institutions to form a new is new corporation in Ethiopia is near completion. The new corporation known as the Ethiopian Trade Enterprise will be a merger of three public enterprises: The Merchandise Wholesale and Import Trade Enterprise, The Procurement Services Enterprise and the Building Materials and Supplies Enterprise.
The study has been in progress for the past six months conducted by a committee made up of officials from various institutions such as the Ministry of Finance and Economic Development, Ministry of Trade, and the Ministry of Industry.
The committee, chaired by Neway Gebreab, Economic Advisor to the Prime Minister, is in the process of recruiting employees for the new corporation said a non-authorized source.
