Etherbal Set to Build a Plant

Apr 6 , 2019

Etherbal, a local company, has invested 10 million Br to build a new cosmetics factory in Addis Abeba. The two-storey plant will rest on 220Sqm and be constructed by Bahiru Kebede General Contractor. The construction of the factory, which started in October 2018, will become operational in three months. The factory will have a capacity of producing 30,000lt of oil and 30,000 pieces of soap a month. The company is in the process of importing machines from the United States and China. ETherbal, a skin and hair care product manufacturer, started manufacturing in 2016. It currently produces 6,000 pieces of soap and 1,000lt of oil and has 36 employees.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...