2merkato

Ethiopia’s capital Addis Ababa is going to get road address sign posts, house number and block plates that are worth over 34 million Birr. The city’s Integrated Land Information Centre concluded an agreement with Hibret Manufacturing and Machinery Construction Industry of Metals Engineering and Corporation for the effect of producing, transporting and erecting the said materials. The contract conclusion was done on Wednesday, March 11, 2015.

The newly built smart car parking in Ethiopia’s capital, Addis Ababa, has begun trial operation. The car parking building was built at an outlay of million Birr and it is located in the neighborhood commonly known as Megenagna.

Addis International Bank (AdIB), reported 27.2 million birr profit after tax, a 272 percent increase compared to a year earlier, Fortune reported.

The AdIB’s interest on loans, advances, central bank bonds, treasury bills and deposits rose by 166 percent, to reach 32.3 million birrr. The bank earned 52.6 million birr from non-interest income, such as gains on foreign exchange dealings, service charges, commissions and others.

 Adika is going to start a meter taxi service by September using 50 automobiles, which includes cars it acquired from Sheger City Meter Transport S.C.

Akili Creative Agency concluded 600,000 Birr contract which gives it five years deal to use 4,000 Square Meters land and the surface of Ethiopian Grain Trade Enterprise’s (EGTE) 43 silos that are located at Gotera area.