2merkato

Abay Cement has officially launched the construction of its plant in Dejen district of the Amhara region. The construction of the plant will cost 8.8 billion birr.

One of the private insurers in Ethiopia, Abay Insurance S.C., appointed a Sri Lankan company dubbed Informatics International Limited to develop an integrated general and health software system. For the service, which includes supply, install and maintain the system for the coming seven months Abay, has agreed to pay close to 7 million Birr.

One of Ethiopia’s private banks, Abay Bank S.C., disclosed it made 93 million Birr profit during the first six months of its current fiscal year.

Ethiopia’s Ministry of Urban Development and Housing (MUDH) announced it will transfer more than 40,000 condominiums to the beneficiaries during the current fiscal year.

Addis Ababa Trade Bureau disclosed more than 15,000 businesses have returned their business licenses to the Bureau. The major factors, according to the Trade Bureau, for the businesses returing their license are redevelopment activities and changes of profession by the business persons.