2merkato

KEFI Minerals Ltd, the UK mining company is set to construct a large-scale gold processing plant in Western Wollega, Tulu Kapi, according to The Reporter.

Kegna Beverages S.C., a local beverage company, has announced that the first phase of its brewery project in the West Shoa Zone of Oromia State is nearing completion. The company, initially established with a capital of Birr 1.5 billion, has since grown to an investment of Birr 5 billion.

Kenenisa Hotel, located on Cameroon Street around Bole Medhanialem Cathedral was inaugurated on Sunday 4 August, 2013. The eight storey hotel laying on 1,400 square meter plot of land offers 51 rooms, high speed internet, meeting hall, fitness and business center. The hotel is equipped with modern air conditioning, fire extinguisher, smoke detector and other facilities befitting a four star hotel.

The Construction of the hotel consumed 200 million Ethiopia birr.

Kenticha Mining (KMPLC) is poised to become the first producer of lithium in East Africa, with production scheduled to commence within the next three months. The company has already invested Birr 80 billion in the project, which is anticipated to generate 1,000 job opportunities.

The Kenyan government has agreed to sell a 15 percent stake in telecom operator Safaricom to South Africa’s Vodacom in a transaction valued at approximately USD 1.6 billion, as part of efforts to raise funds through the sale of state assets.