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Government contemplates rescinding wheat contract awarded to Wifag

Despite the depleting national wheat stock, the Government of Ethiopia (GoE) is contemplating to cancel an earlier wheat supply contractof 400,000 metric tons at USD 108 million (3.04 billion birr), which was awarded to WifagMabrouk General Trading and its local partner Aplas Importer Plc, a little over a month ago, The Reporter has learnt.

New AGE discovers gas reserve in Ogaden

The Ministry of Mines and Petroleum disclosed that the British energy firm New Age (African Global Energy Ltd) has discovered 1.6 Trillion Cubic Feet of natural gas reserve in the Ogaden basin, Somali Regional State.

Lack of finance derails second railway project

The Ministry of Transport (MoT) disclosed that the construction of Ethiopia’s second railway project a.k.a. the Awash-Kombolcha-Woldia/Hara Gebeya railway project has made little progress in the past nine months due to financial shortages.

Diageo set to tackle underage drinking

Diageo, Ethiopia’s biggest distributer of liquor and producer of Metabeer, is set to collaborate with Collingwood Learning, launching a program to try and end underage drinking in Ethiopia. The new initiative is to reach more than 15,000 people and is to involve 28 schools thorough out the capital.

Wheat supplier fails to guarantee performance

Months after it was awarded to supply 400,000 metric tons of wheat with USD 108 million (3.04 billion birr), WifagMabrouk General Trading and its local partner Aplas Importer Plc,have failed to proceed with the supply after the signing of the contract, The Reporter has learnt.