2merkato

The Ethiopian Leather Industry Development Institute and the Leather Industries Association are to give a joint press conference on the Ethiopian Leather Industry at 10 am tomorrow morning (12 March 2013) at the Institute’s hall.

The Institute will give a report of the performance and evaluation of the Leather Sector in the Ethiopian budget year of 2005. The Ethiopian Leather Industries Association will present the performance of the 6th All African Leather Fair which was held from 20 February to 22 February 2013. In addition, various current issues on the sector will be discussed.

The Institute requests all media outlets to be present in the press conference.

Prices 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.

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.

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.

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.