Trade Ministry Handles 1b Br of Acquisitions and Mergers

Apr 9 , 2022


The Ministry of Trade & Regional integration processed the acquisitions and mergers of 39 local companies with a value of 1.08 billion Br over the first eight months of the financial year. The firms involved were engaged in technology, health services, construction, agriculture, and manufacturing. The Ministry also handled cross-border acquisitions and mergers of eight companies with a registered capital of nearly 24 billion Br. The value of the acquisitions and mergers is estimated at 76.9 million Br. Its officials have also passed decisions on the acquisition of seven companies through the Common Market for Eastern & Southern Africa (COMESA). These companies transact over 252 million dollars through their regional offices in Ethiopia, according to a report availed by the Ministry.


Radar

DREARY LANES

A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...


Radar

PLUMPY HUMPS

A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...


Radar

IMPROMPTU AISLES

A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...


Back
WhatsApp
Telegram
Email