2merkato

Ethiopia is successfully enhancing alternative energy technology announced the Ministry of Water and Energy. State energy bureaus are collaborating with the ministry to introduce the use of fuel saving stoves among the public in rural areas said Bizuneh Tolcha, Director of Public Relations and Communications with the ministry.

The ministry has been able to distribute more than 3 million stoves in the last two years out of a total of 9 million planned to be distributed in the 5 year development (Growth and Transformation Program) plan he said.

The fuel efficient stoves save time and labor as well as eliminating health combinations which is why much attention has been paid to the distribution of stoves noted Bizuneh.

Ethiopian Institute of Agricultural Research (EIAR) said it is expanding biofertilizer technology in Ethiopia.

Soil and Water Research Directorate Director with Ethiopian Institute of Agricultural Research , Doctor Tolossa Debele, told Walta Information Center, the new technology would enable to double pulse production.

The new biofertilizer technology has a significant contribution in maintaining soil fertility and natural resources as well as replacing Urea fertilizer, he said.

Metal Engineering Industry Development Institute disclosed the demand for electronics and engineering products made in Ethiopia is increasing to which in response the country has been expanding its market. The Institute earned 22.7 million USD by exporting products to the USA, Africa, Europe and Asia.

Road projects that link Ethiopia with neighboring states are under construction to advance intra-Africa trade, Ethiopian News Agency reported.

The Ethiopian Capital Market Authority (ECMA) has granted licenses to five new capital market service providers (CMSPs). This development increases the number of licensed CMSPs from four to nine and introducing the country’s first-ever investment banks.