2merkato

Country Tower, a shopping mall dedicated to electronic and IT equipment was opened in Addis Ababa, Ethiopia.

The six-storey building constructed at a total cost of 65 million birr is to be found on Wawel Street opposite the Cathedral High School.

The mall is designed to offer all IT items and electronic products at one place as well as offering office space for businesses engaged in technology related work according to Daniel Mamo, Project Manager of the mall.

Sidel, the international supplier of liquid packaging solutions to the drinks industry, has won another contract with Moha Soft Drinks industry S.C., operating in the Federal Democratic Republic of Ethiopia. The turnkey project involves installing the entire production line for Moha’s new Greenfield site in one of Ethiopia's principal economic and educational centres in the north of the country.

The plant at Mekele, the capital city of the Regional Government of Tigraye, is continuing the success achieved by Moha at its other plants. The new plant, sited around 780 kilometres north of the capital Addis Ababa, is where the Pepsi bottler aims to meet the rising demand with the new Sidel line for carbonated soft drinks (CSD) and water. Previously, supply to the region had necessitated the trucking of products from Addis Ababa. The new line will be mostly producing carbonated soft drinks at a rate of 36,000 returnable glass bottles (RGB) per hour.

The global technology powerhouse Siemens AG signed a Memorandum of Understanding (MOU) with the Ethiopian Investment Commission (EIC) to address Ethiopia’s increasing energy needs.

Isolux Corsan and its consortium partner Siemens have secured a contract to design and install High voltage direct current (HVDC) equipment between Ethiopia and Kenya.

Siinqee Bank, in collaboration with Premier Switch Solution (PSS), has launched MasterCard prepaid card services in Ethiopia, marking a major milestone for the country’s financial sector and expanding access to secure digital payments.