2merkato

Cooperative Bank of Oromia (CBO) reported gross profit of 267 million birr for the 2012/13 fiscal year, Capital reported.

Abera Deressa, board chair of CBO siad, “Global growth dropped to almost three percent in this past year, which indicates that about a half a percentage point has been shoved off the long-term trend since the crisis emerged,” addressing the company's share holders during its general assembly on November 30 in Adama town.

The Cooperative Bank of Oromia (CBO) secured 602 million Birr gross profit in the 2014/15 budget year, according to Capital.

The China Communications Construction Company (CCCC) has officially launched Phase I of the Addis Tomorrow Special Economic Zone, marking a major step in transforming Ethiopia’s capital into a modern, investment-ready city.

Ethiopia’s Industrial Parks Development Corporation (IPDC) signed a contract with China Civil Engineering Construction Corporation Ltd (CCECC) for the construction of Bahir Dar Industrial Park for a of 60 million USD.

China Civil Engineering Construction Corporation (CCECC) has starter laying rail tracks for the 339 Kilometers portion of railway project extending from Meiso to the border town of Dewale in Djibouti.