2merkato

National Oil Company inaugurated the third ethanol and regular benzene blending plant in Ethiopia. The blending facility was established on 52 thousand square meters of land at a cost 45 million birr.

The NOC blending facility has the potential to blend 1000m3 of ethanol and regular benzene daily. The plant has three tanks able to store 3,200m3 of ethanol, regular benzene and diesel.

The facility is also equipped with an LPG storage and filling plant with the potential to fill 2,000 cylinders a day. 

Nokia reopened office in Ethiopia’s capital, Addis Ababa. The office was officially opened on June 30, 2016.

Nokia signed a Memorandum of Understanding (MoU) with two science and engineering universities in Ethiopia. The two universities Nokia signed the MoU with are the Addis Ababa Science and Technology University (AASTU) and the Addis Ababa Institute of Technology (AAiT).

Plans to set up manufacturing plant here in the long run

Nokia, one of the largest phone makers, is planning to invest in Ethiopia within the coming six to twelve months, Brad Brockhaug, head of sales for Nokia in Africa, said.

Brockhaug declined to reveal how much money Nokia might invest in Ethiopia.He said that the company was considering opening a manufacturing plant in Ethiopia in the long run.

American President Obama’s nominee for the presidency of the World Bank, Dr. Jim Yong Kim is expected to travel to Ethiopia, China, Japan, South Korea, India, Brazil and Mexico over the coming month according to the US Department of Treasury.

Dr Kim will hold meetings with the heads of the states he will be visiting as well as with finance ministers and other stakeholders to review the priorities they envision for the World Bank in the coming years.

The trip will make a part of the initial phase of a ‘listening tour’ through which Dr Kim will solicit ideas and views from across the globe on the future for the international financial institution.