Amhara State of Ethiopia targets to harvest more than 2 million quintals of crop during the belg season. The announcement was made by the State’s Agriculture Bureau.
Commenting on the issue, Solomon Kumlachew, crop production expert at the Bureau, said around 253 thousand square meters of land is expected to be cultivated during the season. Thus far half of this land is covered with crop, he added.
A new edible oil factory was launched by Unison Corporate in Bahir Dar yesterday. The plant which uses soybeans, wool, sesame, nuggets, nuts and other oilseeds to produce 30,000 liters of oil per day cost Birr 1.5 billion to be completed. It is hoped that the factory will play its part in reducing the edible oil supply shortage.
The factory’s construction and machinery installation were done by Ethiopians. It has now created job opportunities for 100 permanent and 80 temporary employees.
Source: Fana BC
A company that assembles electric cars will begin operation in Debre Birhan after three months. The car assembly company, which is owned by Belayneh Kinde, will assemble one thousand cars annually once it becomes fully operational. It is also expected to create employment opportunities for 500 individuals.
An industrial park is going to be constructed by Turkish investors in southern Tigray zone Ade Gudem town, Hintalo woreda , at a cost of €750 million. The park will be constructed on 500 hectares of land.
Construction of the park will begin in March and is expected to be finalized within two years time.
Anbesa City Bus Service Enterprise, one of the state owned enterprises in Ethiopia, received 16 million Birr compensation for insurance claims. The payment was made by another public enterprise Ethiopian Insurance Corporation (EIC) on April 20, 2016.
