2 Chinese construction firms signed agreements with Ethiopian Industrial Parks Development Corporation (EIPDC) for the construction of industrial parks in Ethiopia. As per the agreement the construction companies, China Civil Engineering Construction Cooperation (CCECC) and China Communications Construction Company (CCCC), will be building industrial parks at Meklle and Kombolcha cities at an outlay of 250 million USD.
Ethiopia’s state owned Construction and Business Bank S.C. disclosed it intends to raise the deposit amount to 28 billion Birr which will be a 30 percent increment by the end of the second Growth and Transformation Plan (GTP II). In addition to this, it plans to raise loan mobilization to 8.5 billion Birr and bring down non performing loans to 1.3 percent. With regard to number of branches, the bank’s intention is to increase the number to 175 across the entire country.
The Addis Ababa City Administration Construction and Housing Development Bureau (ACHDB) has temporarily suspended issuing license for new contractors and consultants, according to Capital.
The road which was built to connect Dolobay and Dolado in Somali Region with Birr 405 million had started its operation, according to Ethiopian Road Authority (ERA).
Dichoto – Galafi – Elidar – Bolho road’s construction, which is being undertaken by Defense Construction Enterprise, has been started.
