Ghion Hotels Enterprise will again be offered for another round of sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA),as previous bid failed to attract buyers.
The Privatization Agency is hopeful the bid will attract potential byers as it has adjusted the floor price of the property, previously set at USD 150 million.
The Ethiopian Parliament's Standing Committee on Natural Resource, Irrigation and Energy Affairs reported the Grand Ethiopian Renaissance Dam (GERD) on the Nile is on "good standing". The Standing Committee made the remark after visiting the status of the project.
The second Growth and Transformation Plan (GTP II) has fallen short of hitting its target of ensuring an 11 per cent yearly economic growth rate, the average annual growth rate standing at 8.6 per cent for the last three years.
Ethiopia's Habesha Breweries S.C launched construction of its 550 million Ethiopian birr brewery plant last Wednesday in Debirebirhan Town in Amhara State.
The Company's Director General, Eskindir Desta on the occasion said, the plant will be constructed on 7.5 hectare land acquired from the regional state.
Ethiopia's Hawassa Industrial Park has upped its face mask production to 20,000 pieces per day, Fitsum Ketema, the Park's manager announced.
