2merkato

Dubai Chamber of Commerce and Industry (DCCI) Officially opened its representative office in Addis Ababa on Thursday May 9, 2013. Yaekob Yalla, State Minister of Trade said, the opening of the representative office will further strengthen the long standing business and people-to-people relations with the Middle East.

According to Yaekob, frequent visits have been made by senior government officials from the two countries in the previous years to strengthen bilateral relations between the two countries.

Dubai Investments Park (DIP) disclosed that it was planning to construct an industry park in Ethiopia in collaboration with the Industrial Parks Development Corporation of Ethiopia.

Note: the veracity of this story has been disputed by the Institute if Bio-Diversity Conservation. Their correction/comment is found in the comments section.

A Netherlands company, Soil and Crop, has allegedly defaulted on an agreement with Ethiopia’s Institute of Bio-Diversity Conservation. Soil and Crop and the Institute of Bio-Diversity Conservation, Ethiopia reached an arrangement on marketing teff products in 2005.

The agreement reached between the two bodies requires Soil and Crop to acknowledge the Ethiopian origins of teff, collaborate on research programs, pay for license renewal and share profits with the Ethiopian governmental institute.

dVentus Technologies, an Ethiopian clean energy company received a US$3 million from members of the Ethiopia Angel Network.

Ethiopian Angel Investment Network, part of RENEW, is an investment firm dealing mostly with potential business in developing countries announced signing of Memorandum of Understanding with dVentus last week.

The Ethiopian Airport Enterprise is prepared to present the proposal for the construction of the new international airport to the government next week according to sources.

The new airport expected to alleviate the pressure on the busy Bole International Airport is to be constructed between Modjo and Meki.

The enterprise has conducted a study on the construction of the new airport for the past two years according to sources. The expansion work on the Bole International Airport drafted in the 90s was expected to accommodate the growth in air traffic until 2017. The airport, however reached maximum capacity in 2010 necessitating the construction of a new international airport.