2merkato

Ethiopia’s Government disclosed it will undertake expansion project on Modjo Dry Port over 138 hectares of land, has begun. The project is aimed to increase the efficiency of trade logistics in Ethiopia.

Ethiopian Horticulture Development Agency (EHDA) signed a memorandum of understanding (MoU) with International Saudi Agriculture (ISA) so as to enable the latter exporting organic banana to Saudi Arabia.

While signing the agreement, the Director General of EHDA Haileselassie Tekie said the agreement will enable Ethiopia to secure more than 100 million USD from the export of 60,000 tons of organic banana to Saudi Arabia within six months.

The agreement will benefit up to 30,000 small holder farmers directly or indirectly involved in the cultivation of organic banana by getting a better market price for the product. Besides, the export will create jobs for lots of compatriots in Arba Minch and the nearest localities in the SNNPs.

Ethiopia is set to increase power it exports to its neighboring countries; Sudan, Kenya and Djibouti. The plan will be executed in 2 years as installation of transmission lines is in progress.

Sport Bottled Water Factory was inaugurated on Saturday last week in the presence of Minister of Industry Melaku Alebel. The factory was constructed by Belaya Industrial PLC at a cost of Birr 1.2 billion and is set to export bottled water for the first in the country’s bottled water production history.

Ethiopia’s only crocodile farm announced it will start exporting crocodile meat in the coming year to Asian countries.