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The Saygin Group subsidiary in Ethiopia is set to generate as much as 100 million US dollars per annum from textile manufacturing according to the Turkish company.

Saygin Dima Textile SC, which launched operations at its Ethiopian factory just three months ago, is looking to manufacture 50 thousand meters of fabric a day for international export said Ahmed Turan Yangin, General Manager.

The company is set to take advantage of low power costs estimated at  a third of what they would be in Turkey and wages one 20th those of the home market said Yangin.

Workers earn 600 Ethiopian birr or 34 US dollars a month for a 48 work hour said Yangin who feels that the low production costs are the most important incentive for a textile investor to choose Ethiopia.

SBG Mineral Water Company announced the launch of ARKI mineral water on November 14, 2015, in Sululta Oromia Regional State of Ethiopia, according to Addis Fortune.

Specialty Coffee Association of America (SCAA), the largest coffee trade association in the world  has certified the Ethiopian based METAD/Kabu Coffee Quality Control Laboratory, the Ethiopian company announced yesterday. The laboratory is the first privately-owned African laboratory to be certified by the SCAA.

According to the company's press statement, sent to PANA, the Laboratory, equipped with the state-of-the-art coffee tasting technology, was certified on 17 May, 2013, after a team of SCAA experts, including Mr. Skip Finley, a Director on the SCAA Board, and Mr. Marty Curtis, a Coffee Quality Institute Instructor, inspected the laboratory same day.

Tuesday, 14 June 2011

Seacom Ltd., a company that operates a fibre-optic link in East Africa, said it was planning to extend the cable into Burundi, Southern Sudan and Somalia in cooperation with partners as demand for internet services continues to grow.

"We would like to expand our footprint," Julius Opio, the company's regional head, said. But he refused to give more details.

Opio said that the first country to be linked to the cable would be Brundi once it has installed 1,300 kilometres (810 miles) of fibre network next year. The cable would then be extended to Southern Sudan within a year of its independence, scheduled for July 9. Over the following two or three years, the cable will be extended to Somalia, he said.

The company currently has fibre-optic links in Djibouti, Ethiopia, Kenya (where its east and north African office is based), Rwanda, Tanzania and Uganda, Opio said.

Source: Bloomberg

The second route of Addis Ababa Light Rail system, stretching from Hayat Square-Megenagna-Torhailoch is about to begin operation by the end of October.