After discarding steel procurement worth of some three billion birr in April, the Addis Ababa Saving House Development Enterprise recently awarded a local manufacturer to supply close to 126 million kilograms or 126,000 tons of steel valued at some 2.2 billion birr.
After the government started pushing Chinese mobile phone makers to export, the manufacturers, who assemble their products here, are anxious and confused saying they are not yet ready to compete on the global arena, The Reporter has learnt.
Africa Hall, the permanent headquarters of the United Nations Economic Commission for Africa (UNECA), which was where the predecessor of the African Union (AU)—the Organization of the African Unity (OAU)—was established, is to undergo a major renovation.
A decisive tip-off led the Ethiopian Revenues and Customs Authority (ERCA) to seize some 20 million birr worth of animal gallstones destined to China, which the authority put up for auctioned on Thursday.
Featuring Africa for the globally competitive business opportunities and potentials, a Dubai-based firm has held the fourth Africa Business Forum in Addis Ababa where the forum is expected to be a regularly held biannual.
Led by Hunan Provincial Government, the branch of the Chinese Export and Import Bank (Ex-IM Bank of China) pledged to extend USD one billion for the construction of an industrial park expected mainly to host Chinese enterprises.