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Gemshu Secures 1.2b Br Road Project

Jun 8 , 2019

Ethiopian Roads Authority launched the construction of a road between Shukute to Chlute in West Shoa Zone of Oromia Regional State. The road will be constructed by Gemshu Beyene Construction Plc. The 63Km long road will consume over 1.2 billion Br and will connect three woredas - Jeldu, Abuna Ginde Beret and Ginde Beret, according to Habtamu Tegegn, director general of Ethiopian Roads Authority. The construction project is expected to take three years to complete, meanwhile, the Ginchie-Shukute road project is being built at a cost of 898 million Br and is making good progress. “The new asphalt road construction will stimulate the region’s economy by making it easy to transport agricultural products,” said Shimelis Abdissa, deputy president of the Oromia Regional State.

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Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....

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Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...

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Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...

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