Ethiopia: MIDROC to Build Gold Extraction Plant in Benshangul
MIDROC Gold Plc disclosed it is going to build a second gold extraction plant at Benshangul Gumuz State with a total cost of U.S. $ 250 Million.
Ethiopia: MIDROC, Mariott Ink Agreements to Rebrand Hotels in Bahir Dar and Hawassa
MIDROC Investment Group and Mariott International inked three agreements to reopen hotels in Bahir Dar and Hawassa.
The two companies agreed to reopen Tana Hotel, located in Bahir Dar, and Progress International, located in Hawassa, under the Four Points by Sheraton brand while reaching an agreement to reopen Bahir Dar’s Blue Nile (Avanti) Resort under the Pretorea Marriot brand.
The signing ceremony was attended by the CEO of MIDORC Investment Group, Mr. Jamal Ahmed, and the Deputy CEO of the Hotel and Tourism Sector Solomon Zewdu. Marriot was represented by Karim Chelot, Jugal Kushalani, and Edward Edwards.
Source (including image): Fana BC
Ethiopia: Milk, Meat production Boost in the GTP Period
The productions of milk and meat have registered three fold increments in the last five years of GTP period, Ministry of Agriculture said.
Ethiopia: Mineral, Petroleum & Biofuel Corporation Went Operational
One of Ethiopia’s public enterprises, Ethiopian Mineral, Petroleum and Biofuel Corporation (EMPBC), has gone operational after being established with a capital of 15 billion Birr.
Ethiopia: Minerals Export Revenue reached US$ 172.6M in the past 6 months
Ethiopia has earned US$ 172 .6 million in revenue from the export of minerals in the first half of this budget year, according to the Ministry of Mines (MoM).
