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Prices for Sesame and White Pea Beans Soaring at the ECX

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Category: Latest Business Alerts

ecxPrices for sesame and white pea beans at the Ethiopian Commodity Exchange (ECX) have jumped 25 percent and 35.7 percent, respectively, in the past two weeks, Fortune reported.

Sesame exporters attribute the price hike to rumors of shortage of the commodities in the international market, according to Fortune.

Last Updated on 25 November 2013
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Prime Minister Green Lights Airport Project

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Category: Construction, Steel and Cement

The plan to build a new international airport proposed by the Ethiopian Airports Enterprise has been given the green light by Prime Minister Hailemariam Desalegn.

It is expected that the Ministry of Transport will table the proposal to the Council of Ministers for its endorsement to be forwarded to the Parliament according to an official with the administration. It is expected that the project will be financed by a loan from the Chinese EXIM Bank he added.  

The Airports Enterprise has been conducting a study on the launch of a new international airport for the past two years.
he Ethiopian Airports Enterprise announced that it expects to raise more than one billion birr from the various services that it renders in the new budget year.

Last Updated on 14 August 2013
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Prince Expresses Renewed Interest in Ghion Hotel

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Category: Latest Business Alerts

Prince Aklile Berhan Mekonnen has expressed a renewed interest in acquiring Ghion Hotel in the aftermath of the latest unsuccessful tender.

It is to be remembered that Aklile Berhan had signed a 512 million US Dollar joint venture agreement with the Ethiopian Privatization and Public Enterprises Supervising Agency made in 2010

The Ethiopian born prince however defaulted on the deadline for the 210 million US dollar initial payment established by the agreement. PPESA went ahead and put the hotel up for bid several times changing its terms to offer full privatization when it found no interest for a joint venture.

Last Updated on 14 August 2013
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Print Cartridge Assembly to Be Established in Ethiopia

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Category: Manufacturing

Premium Print plc is to build a factory with the potential to produce 40,000 toner cartridges annually in Ethiopia.

The company, in partnership with EC Solutions, A British company, plans to substitute the import of toner cartridges into the country as well as to export to the regional market.

Premium Print launched the assembly of toner cartridges three months ago with a monthly production rate of 200 cartridges at a workshop it is renting until it acquires land to build its factory.

Last Updated on 14 August 2013
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Printing Plant Worth Over $32 Mn Inaugurated in Ethiopia

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Category: Latest Business Alerts

melba-printingMelba Printing, Publishing and Packaging plant, a printing and packaging factory built at a cost of over $32 million (1.4 billion birr), has been inaugurated. The plant has a capacity of producing over 138,000 books a day, 50 million a year. The plant is located in the town of Gelan, in Ethiopia's Oromia region.

Last Updated on 02 June 2021
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