2merkato

The manufacturing plant constructed by Addis Transformer and Switchgears plc is ready to launch production. The company, which is a joint venture between Ethiopian company Bridgetech plc and Emirati Company Al-Nasser Industrial Enterprises, subsidiary Federal Transformer LLC was set up with a 300 million birr capital.

The factory constructed on 2500 meter squares at the Tatek Industrial Zone, in Oromia Regional state cost an estimated 100 million birr said Yeshiwas Shibabaw, managing director of Bridgetech Plc.

It took eighteen months to complete the construction work on the factory intended to manufacture switch gears as well as transformers.

Marathon Motors, the Hyundai importer and assembler in Ethiopia, inaugurated an electric vehicle charging station in Addis Ababa. The charging station is the first of its kind in Ethiopia.

Marriott Bonvoy and Ethiopian Airlines have announced a new partnership that allows members of their respective loyalty programmes to earn and redeem points and miles across hotel stays and flights.

Marriott International in association with Sunshine Business had inaugurated on September 30, 2015, the first Marriott Executive Apartments in Addis Ababa, Ethiopia.

The global hotel chain, Marriott International, said it is planning to expand its business in Ethiopia. To this end, the company is exploring new ways to improve the hospitality industry in Ethiopia, it announced.