Companies Ally to Assemble Medical Equipment

Jan 26 , 2019


[ssba-buttons]

Local and international companies, which engage in the manufacturing, import and maintenance of biomedical equipment, have allied to establish a medical equipment assembly plant for 10 million dollars. A Chinese manufacturer of biomedical equipment, Guangzhou Wondfo Biotech, is establishing the plant with its three local distributors, including Ray EZM Import Export Plc and Delta Instrument Technology. Guangzhou Wondfo is mainly engaged in research, manufacturing and sales of point-of-care testing (POCT) instruments, POCT reagents and related products. The owners are planning to reside in the under construction Qilinto Pharmaceutical Industrial Park of the Industrial Parks Development Commission (IPDC), according to Yordanos Berhanu, the national project coordinator.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...