Union Imports Agriculture inputs

Admas farmers’ Cooperative Union in Guraghe Zone announced that it has imported agriculture inputs with 47.7 million Birr for the current production year. Mekonnen Haile, general manager of the union, said that the union is distributing 35,000qts of fertilizer and more than 300qts select seed to be used during the small and main rainy seasons. Admas Faermers’ Cooperative Union embraces 36 basic associations with 12,000 members.

State supplies 32,000 hides, skin to central auction

The Benishangul-Gumuz state supplied close to 32,000 hides and skin to the central auction over the past six months. The hides and skins supplied during the first half exceeded that of the initial target by 7,000. It also showed a significant growth compared with same period last year. Preparations are underway to expand animal health service facilities and to offer awareness raising education to the public.

Authority launches road construction project

The Ethiopian Roads Authority said that it has launched construction of an asphalt road covering 164.5Kms at a cost of 871 million Birr. Samson Wondimu, public relations head of the Authority, said the construction of the Mile-Chifra-Alewah road is being undertaken in two projects. The first project, Mille-Chifra, covering 85Kms will be undertaken by a Chinese contractor while the second project, Chifra-Alewah road covering 79.5Kms, will be carried out by a Nigerian and a local contractor. This road, which links the Afar and Amhara Regional States, is expected to be finalized in a period of three years.

Shipping Lines Buys Guest House

The Ethiopian Shipping Lines S.C said it has bought a two storey building and 1,520sqm of land in Djibouti that would serve as guest houses for Ethiopian Ship navigators and their crew at a cost of six million Birr. The purchase of the building is expected to save hard currency that would have been spent on renting hotel rooms. The company was founded in 1964 and started operation in 1966 with three ships; two general cargos and one tanker.

US Patent Office Certifies Sidamo Coffee

The United States Trademark Office accredited Sidamo Coffee Trademark patent right, the Ethiopian Intellectual Property Office disclosed. The trademark was granted after the Ethiopian coffee was examined and determined to be in compliance with the requirements of the law and with the regulation prescribed by the Director of the United States Patent and Trade Mark Office.

Real Estate Dominates Investment Projects Licensed in 2007

The booming real estate sector dominated investment projects licensed in 2007, where it accounted for close to a third of the total projects registered during the year, according to data compiled by the Ethiopian Investment Agency. Of the total 6,920 investment projects licensed during 2007, 1905 are registered under real estate investment. The manufacturing and the agriculture sector attracted the second and third largest investment capital respectively. Other major sectors that attracted investment projects during the reported year include construction, education, whole sale and retail sectors.