2merkato

Albwardy Investments, a Dubai-based holding company has struck a US$25 million deal with M.A Kharafi & Sons PLC. for the acquisition two hotels under construction. The partially constructed 7 and 6 floor hotels are located at the junction of Africa Avenue and Jomo Kenyatta Street, at Meskel Square.

The original plan of M.A Kharafi & Sons PLC was to build one three-star hotel, named Ibis, on the side of the Jomo Kenyata Street and another four-star, named Novotel, along Africa Avenue.

Aleta Land Coffee, an Ethiopian coffee firm, announced plan to open trans-border coffee shop in Asia beginning from the next year, according to The Reporter.

Algerian company called, Cevital, concluded a memorandum of understanding (MoU) with the Ministry of Public Enterprises or the construction of 3 factories. The MoU was signed on Friday, February 24, 2017.

Alibaba Group signed a memorandum of understanding with the Ministry of Innovation and Technology that enables it to provide training to entrepreneurs in the technology field in Ethiopia.

The understanding will also allow the Digital Transformation Association to evaluate the result of the training after recruiting the trainees.

Alisha Mining Plc, an Indian mining firm, established a marble processing plant in Ethiopia at an outlay of USD 2.5 million.