2merkato

Bole Lemi Industrial Park saved Birr 2 billion by producing goods which substituted import products. Among the park’s manufacturing companies, Soufflet Malt and BGI, a Chinese company, take the lion’s share in the production of import substituting products. Soufflet’s malt production has fully substituted import malt while BGI’s Covid-19 testing kits have saved the country from spending foreign currency on foreign made testing products.

Bombardier Transport concluded a contract with Yapi Merkezi, the Turkish construction company working on design and construction of Ethiopia’s 400 Kilometers Awash-Weldia line, to supply the mainline signalling solution for the project. The agreement concluded between the two is worth approximately U.S. $ 45 Million.

Ethiopian Airlines, Africa’s biggest airline, has inaugurated its brand new ultra modern Boeing 787 simulator, according to Fana Broadcasting Corporate.

The inauguration took place side by side with the 24th African Aviation Conference that was launched here in Addis Ababa yesterday.

Ethiopia’s first break rubber factory, Hibret Manufacturing and Machinery Fabrication, which cost 350 Million Birr is going to start production in five months time.

Bridge built over the Awash River at the cost of 240 million Birr and that is along the Ethiopia – Djibouti road was inaugurated on Saturday, February 28, 2015.