2merkato

Ethiopian Investment Holdings (EIH) has announced ongoing negotiations to transfer ownership of certain sugar plants to both local and international companies.

Neptune Solutions plc, a leading international software company, is to launch a branch in Addis Ababa in the next two months. The company is currently seeking office space and hiring local staff said Raymond Badanga, country Manger for Neptune in the country.

A significant market has been created in Ethiopia since the National Bank required all banks to interface with the National payment system according to Badanga.

It is to be remembered that Berhan International Bank became the first bank to interface with the National Payment Service installing Rubikon, Neptune’s CORE banking system.

Nestle, the global nutrition, health and wellness Company, disclosed it is considering to establish a manufacturing plant in Ethiopia within the coming years. However, final decision for the investment has not yet been made.

The Netherlands has become Ethiopia’s number one export destination, Ethiopia's Ministry of Trade Announced. During the 2019/20 fiscal year that ended on July 7, Ethiopia has exported over $322 million worth of commodities to the Netherlands, the Ministry declared. The Netherlands is also the top investor from European nations in Ethiopia.

The government of Netherlands is to assist Ethiopia to become competitive in the global sesame market by supporting ongoing efforts in Amhara and Tigray regional States.

The Dutch government has allocated 1.9 million Euros for implementation of projects in sesame growing areas of the regional states for the coming three years.