During the first six months of the current fiscal year, Federal Cooperative Agency managed to set up 2,807 cooperatives that are equipped with 167 million Birr capital.
According to Usman Sirur, Director General of the Agency, the plan was to establish 2,043 new cooperatives that have a total capital of 186 million Birr. Yet the Agency managed to set up more cooperatives with a lesser capital.
Ethiopia and Morocco signed an agreement in the aim of constructing an integrated fertilizer production plant worth 2.5 billion USD. The agreement was signed by OCP Group, global leader in the phosphate industry, on Morocco’s side while Minister for Public Enterprises represented Ethiopia.
Ethiopia’s capital, Addis Ababa, is going to be presented with 20 multi-story parking garages for the purpose of addressing the increasing traffic congestion and parking problem the city is facing.
Ministry of Urban Development and Construction (MUDC) is aiming to build more than 200,000 condominiums during the current fiscal year across the entire nation.
During the past 11 months Water Works Design and Supervision Enterprise (WWDSE) managed to secure a 220 Million Birr profit from its 42 projects.
