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Private Sector

News concerning Private Sector.

Published on: Fri, 2014-05-02 14:47

Published on: Wed, 2014-04-30 16:47

Addis Prefab Prosecutor Given More Time To Review Pleading Documents

Published on: Sun, 2014-02-02 00:00

The Federal High Court has adjourned the serious fraud charge filed against two of the six founders of the Addis Prefab Houses Manufacturing Industry S.C – Fikremariam Alemu and Yosef Asegedom – until, February 4, 2014. This decision came following a request from the prosecutor for more time to review pleading documents, Fortune reported.

Turkish Company Invests 1.2 bln Birr In Textile Sector

Published on: Thu, 2014-01-23 00:00

The Turkish textile factory MNS Manufacturing P.L.C. has launched the first phase production of carpet, towel and bathrooms, polyester, fiber-line home furniture (spring mattress and sofa) investing of over 1.2 billion birr, WIC reported.

Ethiopia Prepares 50,000 hct Of Land For Horticulture Dev’t

Published on: Mon, 2014-01-20 00:00

Ethiopia has readied 50,000 hectares of land to be leased for horticulture development, according to the Ethiopian Horticulture Producers Exporters Association (EHPEA), WIC reported.

Fabricated Claims Lands Addis Prefab In Hot Water

Published on: Sun, 2014-01-19 00:00

The serious fraud charge filed against some of the founders of the Addis Prefab Houses Manufacturing Industry S.C. has been adjourned until Tuesday, January 21, 2014. This decision came following the prosecutor’s request for further investigation time, Fortune reported.

Addis Prefab In Serious Financial Crisis, Home Buyers Sued The Company

Published on: Wed, 2014-01-15 00:00

Addis Prefab Houses Manufacturing Industries S.C is on the verge of collapsing within a few months unless another party injects some cash into the company to fill its severe financial gaps. The share company is also letting its employees go as it suffers a serious liquidity problem, Capital reported.

University Constructing Referral Hospital

Published on: Sun, 2014-01-12 00:00

The University of Gondar is constructing 1,000-bed referral hospital, expected to be inaugurated next June, at a cost of over 350 million birr. Upon completion, it will benefit over five million people in Gondar town and its environs, University President Prof. Mengesha Admasu said, EH reported.

Investment Agency Invites Local Manufacturing Companies Into Industrial Zones

Published on: Sun, 2014-01-12 00:00

The Addis Abeba Investment Agency (AAIA) is inviting local investors in the manufacturing sector to work on the 330ha of land it has allotted in the Nefas Silk Lafto and Akaki Kaliti districts.

Nib Selects Four Candidates To Design Its HQ

Published on: Mon, 2014-01-06 00:00

Nib Insurance Corporation(NIC) selected four finalists to design their headquarters, which will include a branch for its’ sister company , Nib International Bank, on Africa Avenue next to Mega Printing House. The four finalists were chosen by impartial judges in the architecture and financial sectors. The three runner-ups were given monetary prizes and one was awarded first prize, according to the Bank’s PR office. The prizes, however, were undisclosed, Capital reported.


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