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TAF Oil PLC opened its first fuel station in Addis Ababa, Ethiopia. The station is located in Mekanissa area. The opening ceremony was held on Saturday, March 9. TAF is planning  to open eight additional fuel stations in Tigray, Amhara, Oromia and Gambella Regional states of Ethiopia.

TAF was established in 2008 by three  with 56.3 million birr authorized capital. TAF Oil commenced operations in January 2011 in Gelan, Oromia Special zone. In less than two years TAF has increased the number of its fuel stations to 18, located in the capital and  different regional states.

TAF Oil PLC inaugurated the largest aviation depot facility in Ethiopia this week. The semi-automatic Jet-A1 fuel storage and filling facility constructed at Bole International Airport, in Addis Ababa.

TAF Oil outbid several established vendors in the sector to acquire a fuel supply contract for Anbessa City Bus Services Enterprise, Ethiopia estimated to be worth almost 500 million birr.

Anbessa announced the winner of the bid in a letter addressed to TAF on the 29th of March.

The company will supply more than 26 million liters of benzene, Nafta and 500 thousand liters of other lubricants and greases over two years from the signing of the contract according to sources. It is expected that TAF will earn an estimated 484 million birr over this time.

A Taiwanese business delegation made up of forty representatives from 29 firms will begin a visit to Ethiopian on the 24th of November. The Taiwanese businesses are primarily interested in the garment and clothing manufacture sector.

The delegation plans to communicate with the Ethiopian business community and can be reached through appointments made via email to the Taiwan Trade Center in Nairobi.

George Shoe Corporation, a Taiwanese company, is planning to establish three shoe manufacturing plants in Ethiopia, Fortune reported.

The Plants which will be constructed in Addis Ababa, Adama and Mojjo towns will cost around US$ 50 million, according to the report.