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.
The Anbessa City Bus Enterprise is to launch a new service targeting commuters currently using taxis.
The new bus service which is scheduled to commence in March or April 2014 using 50 new buses with redesigned interior, is said to have an adjusted fare and improved service, including limited number of passengers in order to maintain the comfort of passengers.
Anbessa City Bus Service Enterprise (ACBSE) is to undertake a reform program to offer modern and computer assisted services to its clients, according to Fana Broadcasting Corporate.
Anbessa Elite Technical Textile Industry, an Israeli company, entered Bahir Dar Industrial Park to produce apparel and textile with a USD 3 million capital. The company is expected to create employment opportunities for 1000 individuals when it becomes fully operational.
