Urban Development, Construction and Industry Bureau of Tigray State disclosed it has issued license for a total of 584 investment projects during the first half of the current fiscal year. The projects are said to have 7.8 Billion Birr of capital.
Expansion projects being undertaken in Ethiopia over 6 airports would be concluded in the current fiscal year, Ethiopian Airports Enterprise (EAE) disclosed. This also includes Bole International Airport.
The Ethiopian Ministry of Finance announced that six sugar projects will be privatized in the first quarter of 2020.
Companies based outside of Ethiopia have acquired 7 of the 15 factory sheds in Mekelle Industrial Park, which was built over 75,000 hectares of land and dedicated for apparel and textile manufacturing.
During the past nine months of the fiscal year 7,283 new cooperatives have been established, according to the Federal Cooperative Agency.
