cbe noor
OPEN FOR AD
FORTUNE+ VIDEO JOBS SPONSORED CONTENTS FORTUNE AUDIO TRADE AFRICA new

Fortune Logo



PM Inaugurates Modjo-Batu Expressway

May 8 , 2021

PM Inaugurates Modjo-Batu Expressway

A 6.3 billion Br road project connecting Modjo with Batu, also known as Ziway, was inaugurated late last week during a ceremony attended by Prime Minister Abiy Ahmed (PhD). Costing 68.4 million Br a kilometre, the 92Km Modjo-Meqi-Batu Expressway is part of the Modjo-Hawassa superhighway, a 202Km road project that was commenced five years ago with an outlay of almost 14 billion Br. The second half of the two-phase construction project, dubbed the Batu-Hawassa Expressway, is currently under construction. The Modjo-Hawassa Expressway is expected to enhance trade and cooperation, particularly with Kenya. It is also part of the Trans-African Highway network that stretches from Cairo to Cape Town and comprises transcontinental road projects to facilitate regional cooperation and trade.

Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

Read more >>

Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

Read more >>

Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

Read more >>