2merkato

A new soyabean bio fertilizer technology introduced to farmers in Jimma improved productivity according to the Ethiopian Agricultural Research Institute.

Utilizing the new soybean bio fertilizer will not only improve productivity but it will also decrease fertilizer costs said Dr. Solomon Assefa, Director General of the Institute.

The agricultural institute is committed to the expansion of the technology across the country in partnership with different stakeholders he noted.

Mogle Bottled Water Manufacturing, a sister company to Abbahawa Trading PLC, has launched bottled water called One on Saturday, September 5, 2015, at Sheraton Addis.

Top Natural Water joined Ethiopia’s bottled water market being the 68th brand. The water is being purified and bottled by Abebe Dinku Water and non-Alcoholic Beverages Factory, which has an investment of 273 million Birr.

A new company, New Life for Civil Servant General Business, is being formed to re structure the wholesale and retail goods business in the country with an aim of stabilizing the national market and to ensure equitable wealth distribution.

The company is in the process of floating shares with shares being primarily offered to employees registered on payrolls through the Tax Payer Identification numbers.

Payroll employees make up a significant portion of the tax payer base in the country but are not able to take advantage of the bank loan system according to Abel Hailemariam, General Manager of the new company.

The deposits made into the economy by payroll employees are utilized by businesses in the economy which control the commodities market creating monopolistic systems and ultimately resulting in skyrocketing prices he explained.

New company has joined Ethiopia’s petroleum market to sell and distribute different petroleum products. The company’s name is Gomeju Oil Ethiopia and it owned by Tewodros Yeshiwas and Genet Gebreigzabher.