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Contractors complain of high cement prices
Spread the NewsGirma Hailemariam (Eng.), President of the Ethiopian Contractors Association told Ethio Trade and Investment Forum radio show that contractors are complaining of skyrocketing prices of cement and other construction materials. “The contractors are even starting to cease construction due to the price hike,” Girma said. A quintal of cement is sold from 1250…

German Unity Day celebrated in Addis Abeba
Spread the NewsThe Embassy of the Federal Republic of Germany to Ethiopia celebrated the 32nd German Unity Day (3rd October) in a lively event in the presence of honorable members of the House of Peoples’ Representatives, senior Government and African Union officials, Ambassadors, Heads of International Organizations, civil society and media representatives, artists, as well…

Tadash Steel Manufacturing PLC inaugurated in Dukem town
Spread the NewsConstructed at a cost of 5.8 billion Birr, Tadash Steel Manufacturing Industry PLC has officially been inaugurated in Dukem town on Saturday. Sprawled over 50,000 Square meters of land, Tadash has a capacity of to melt 450 tons of iron ore in a day. The steel plant has the capacity of manufacturing 600…

As African Aviation Traffic recovers at strong pace, Boeing forecasts demand for 1,010 new airplanes
Spread the NewsKIGALI, Rwanda, Sep. 12, 2022 — Boeing estimates that intra-regional and domestic networks across the African content will grow with a robust 6,1% compound annual growth rate, driving twenty-year demand for 1,010 new airplanes by 2040 valued at $176 billion. With Europe remaining the most prominent origin/destination for African carriers, overall African air…

Petroleum smuggling poses challenge in distribution system
Spread the NewsSeharla Abdulahi, Director General of the Ethiopian Petroleum and Energy Authority told Origins Business that petroleum smuggling across and outside the country is posing a distribution problem. Previously, petroleum smuggling was obvious in Eastern Ethiopia but now it’s a rampant practice across the northern part of the country, she said. Sahrela said that…

Development Bank plans to start financing art works
Spread the NewsThe Development Bank of Ethiopia (DBE) announced on Monday that it has a plan to finance feasible art works. The ideas include art and creative works, according to Yohannis Ayalew (PhD), President of DBE. Previously, there was no mechanism to finance such works due to the points such as what sort of collaterals…