Allocates 1.5 billion birr for three production lines
The sole manufacturer of glasses and bottles in the country, the Addis Ababa Bottles and Glasses SC, has been working on expanding its production line where recently it has increased the daily production to 81 million bottles from the existing 20 million per year.
FL Technics, a Lithuanian company that provides aircraft maintenance, repair and overhaul services, is supplying aircraft spare parts and components to the Ethiopian Air Force for training, transport and multi-purpose aircraft.
Installs treatment plant with soy beans purification agent
The Japanese Poly Glu Social Business Co., Ltd. claimed to have introduced a water purification agent extracted from the inner coffee skins which will be processed in Ethiopia in foreseeable future.
Delivering a serious blow to Zemen Bank, one of the players in the private banking industry of Ethiopia, which is also known for operating on a unique one-branch banking model, the National Bank of Ethiopia (NBE) has moved to ban two senior Vice Presidents of the bank who have worked in their positions for over five years.
At its 11th annual meeting, the Ethiopian Diaspora Business Forum, which is to be held in Washington DC next week, is set to award a returnee who, some five years ago, had cofounded a transformer manufacturing plant.
Having established a successful eco-friendly footwear brand at a global scale, Bethlehem Tilahun, the acclaimed founder and CEO of SoleRebels, is currently poised to launch coffee shops in major cities across the globe.