Ethiopian Power Engineering Industry (EPEI) that operates under Metals and Engineering Corporation (METEC) unveiled its plan on Sunday, May 17, 2015 to export Ethiopian made transformers to neighboring countries within short period of time, Ethiopian Herald reported.
Ethiopia is to launch a new project in Adi Gala, which will enable it to export potable water to Djibouti. An agreement was signed to facilitate the export between Sufian Ahmed, Ethiopian Minister of Finance and Economic Development and Ilyas Moussa Dawaleh, Minister of Finance of Djibouti.
The project will be fully financed by the government of Djibouti according to the agreement signed between the two countries.
The deal outlines the implementation of the project according to which the construction of a pipeline to carry the water will be handled by Djibouti. It is expected that the construction of the project which will supply 100 thousand meter cubes of water every day will take a year and a half to complete.The Ministry of Urban Development and Housing unveiled its commitment to assist real estate developers.
Ethiopia is to farm out the disbursement of private sector pensions to five micro finance institutions and a private bank starting on July 8th 2012.
The following micro finance institutions will be serving regional areas; Dedebit Credit and Savings, Oromia Credit and Savings, Omo Microfinance, Amhara Credit and Savings and Dire Microfinance.
The private bank under contract to the Private Organization Employees Social Security Agency will be servicing the Addis Ababa area.
Abay Industry Development S.C. is going to build a cement factory in Dejen City, Amhara State, for which cornerstone was laid on April 20, 2015. The plant is going to be constructed at an outlay of 7.5 billion Birr and scheduled to be completed in 4 years.
