Sugar Corp Signs Deal for 3.6b Br HQ Construction

Jan 1 , 2022

The Sugar Corporation has inked agreements with the Chinese-owned Qingjian Group and TNT Construction, a domestic contractor, to erect a 35-storey headquarters building in the Mexico area. Slated to cost 3.6 billion Br, the building will lie on 4,419sqm of land. The contractors have agreed to accept the full payment in Birr. The Corporation's executives say the building will help it save on expenditures for the headquarters it rents. They plan to lease additional space in the building to generate additional income. The Sugar Corporation was established as a state-owned enterprise in 2010 to develop sugar estates and production, including for the export market. It has faced operational difficulties in recent years, leading to consecutive losses. Many of the 10 plants under construction have yet to be completed upon schedule, including four sugar plants in Omo Kuraz of the Southern Regional State.



A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...



A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...



Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...