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Oldest malt factory up for sale

The Ministry of Public Enterprises over the week issued a public bid for the sale of the Assela Malt Factory SC, the oldest malt-producing plant in the country that supplies over 75 percent of the input to seven local breweries. Crown Cork and Can Manufacturing SC, in which the state owns three-quarters share, is another entity put on the market.

City rebids billion birr steel procurement

The Addis Ababa Public Procurement and Property Disposal Agency has finally decided to rebid the billion birr rebar purchase after months of back and forth with the company that was awarded the supply contract pursuant to the outcome of the previous bid process.  

World Bank commits USD 4.7 bln to Ethiopia

Says devaluation produced insignificant upswing in prices Aligning its development intervention with that of the Government of Ethiopia, the World Bank Group (WBG) has unveiled a USD 4.7 billion financing for Ethiopia’s economic development programs for the coming four years, on Thursday.