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Private Sector

News concerning Private Sector.

Residents Make Way For New Stadium

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

The area between Bole Medhanialem and Imperial Hotel is being cleared to make way for the construction of a 60,000-seat stadium, estimated to cost 1.6 billion birr. Residents of the area, commonly known as “Chereqa sefer, have been relocated, as many houses had to be demolished for the construction. Many squatters have also been removed from the area, Capital reported.

New Mining Amendments Favour MSEs Ahead Of Cooperatives

Published on: Sun, 2014-01-05 00:00

Parliament passed amendments to the Mining Operations Proclamation of 2010 into law on Tuesday, December 31, 2013, Fortune reported.

Design Of Indian Meat Processing Plant To Begin

Published on: Sun, 2014-01-05 00:00

Allana Group – an Indian-based meat processing company has awarded a contract to ETG Designers & Consultants Plc for the design of its meat processing plant, Fortune reported.

PTA Bank Cements Financial Support For Habesha

Published on: Sun, 2013-12-29 00:00

Habesha Cement S.C. has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank, known as the PTA, just five weeks after signing a long-awaited loan agreement for 660 million Br with the development bank of Ethiopia (DBE).

Oromia International Bank Launches Interest-Free Banking

Published on: Sun, 2013-12-29 00:00

The Oromia International Bank (OIB) became the first bank inEthiopiato launch interest-free banking (IFB), after the Commercial Bank of Ethiopia (CBE) on December 16, 2013.

MoT To Take Measures Against Uncertified Importers

Published on: Sun, 2013-12-29 00:00

The Ministry of Trade (MoT) is set to take measures against importers who have not yet received a standard quality certificate from a third party. This is a requirement, put into place by the Ministry in July 2013, for the importation of 57 items.

Real Estate Firm To Offer Ready-Made Space For Sale

Published on: Sun, 2013-12-29 00:00

Noh Real Estate will begin selling business, office and residential spaces at Abyssinia Mall and Jember Residential Village on Monday, December 30, 2013, Fortune learnt.

US-Based North Holdings To Build Cement Factory In Ethiopia

Published on: Sun, 2013-12-29 00:00

ኖርዝ ሆልዲንግስ ኢንቨስትመንት የተሰኘው ኩባንያ በ800 ሚሊዮን ዶላር ወጪ በአማራ ክልላዊ መንግሥት ደጀን ከተማ አቅራቢያ የሲሚንቶ ፋብሪካ ሊገነባ ነው፡፡

Local Company Imports Latest Heavy Duty Machinery For Construction Sector

Published on: Sat, 2013-12-28 00:00

Great Land Motors and Engineering Plc is to import a truck mounted concrete pump by next month. The concrete pump is believed to have the capacity of reducing the construction time required for building by less than six months from the total project period, The Reporter reported.

Shareholders Dismay Over Prefab Promises

Published on: Sat, 2013-12-21 00:00

Addis Prefab Houses Manufacturing Industries Share Company, which is introducing light steel housing solutions to the Ethiopian market, is facing fierce criticism


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