2merkato

Ethiopia saved USD 60 million by locally producing security personnel outfit. In the process of substituting imported security personnel uniforms with locally produced outfits 18 factories were involved and 18,000 job opportunities were created.

Domestic products substituted import goods worth USD 1.1 billion during the first half of the 2022/2023 fiscal year. The data of the Ministry of Industry shows that 663 manufacturing industries became operational in the first five months of the current fiscal year creating employment opportunities for 9,600 individuals.

Source: Fana BC and 2Merkato Archives

Ethiopia's logistics sector is set for an upgrade following an agreement signed between the Ethiopia-Djibouti Standard Gauge Railway Share Company (EDR) and the state-owned Ethiopian Shipping and Logistics (ESL).

Ethiopia's Minister of Mines, Takele Uma, said a long trade chain in the sale of cement is one of the root causes that inflates cement prices. Consequently, he remarked, cement manufacturers have yet to distribute over 2.6 million tons of cement for which they have already received payment.

Lottery draw is going to be held by the end of the current month to handover about 40,000 condominium houses which are built in Ethiopia’s capital, Addis Ababa.

Addis Ababa Light Rail Transit project (LRT) received a U.S. $ 150,000 loan from the United Nations Office of Project Services (UNOPS) after the project was registered as clean and environmentally friendly project. This is in addition to the U.S. $ 20 Million loan Ethiopian Railway Corporation (ERC) applied for at different climate financiers around the world.