The Ethiopian Electric Power (EEP) has made it public this week that it is formally ceasingits power generation operation and will focus on the management of the existing plants, transmissions linens and substations.
The Ethiopian Sugar Development Corporation (ESDC) has awarded a USD 95 million contract for China CAMC Engineering Co. Ltd (CAMCE) – a Chinese construction firm - to undertake the construction of the unfinished Tana Beles-I sugar plant project, The Reporter has learnt.
The preliminary report into the crash of Ethiopian Airlines operated Boeing 737 MAX 8 flight number ET 302 indicated that the pilots followed the proper procedures required by Boeing and the Federal Aviation Authority of the United States to control the doomed plane. The pilots, as well as, the plane had the proper certification, it was announced.
Promising International, the Dubai based trading company with growing interest within Ethiopia in the importation of wheat, is fighting back against lingering accusations of having supplied damaged and contaminated wheat to the Ethiopian market.
Novartis, one of the global medicine manufacturers, said that it will supply 1.8 million packs of medicines costing USD 1.8 million to treat patients of non-communicable diseases (NCDs) in Ethiopia through its social business platform.
Amhara Credit & Saving Institution (ACSI), a giant microfinance institution active in the Amhara Regional State, has requested the National Bank of Ethiopia (NBE)to be given a green light to transform into a full-fledged banking institution, The Reporter has learnt.
The Public Enterprises Holding and Administration Agency (PEHAA), has appealed a decision made in a Federal High Court following an injunction order where the earlier was forced not to transfer National Alcohol and Liquor Factory (NALF) to a private holding, The Reporter has learnt.
Heineken Share Company of Ethiopia – one of the recent and successful breweries in Ethiopia – is being sued, accused of abruptly ending a contract worth more than 2.7 million Birr by one of its former agents and distributors.