Market News

 Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.   Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in th . . .

 Consortium investors from Tianjin, Northern China have pledged to establish an international procurement centre in Livingstone to facilitate the buying and export of Zambian products to China and possible markets.   A business delegation which is in Zambia to explore investment opportun . . .

The Arki Mineral Water Bottling Factory constructed at a cost of 40 million Birr was inaugurated last Saturday. It has created permanent job opportunities for 110 citizens.   Speaking at the inauguration ceremony, Industry State Minister Dr. Alemu Sime said that the industry and service secto . . .

Local steel company, Steely R.M.I., is supplying 44,075mt of reinforced steel bars worth 804.9 million Br to the government and signed a contract to this effect with the Public Procurement & Property Disposal Service (PPPDS) on November 9, 2015.   The government will pay this company 91 milli . . .

A LOCAL company, Tradecode Investments says it is close to securing a $20 mln investment from two separate investors for the construction of a steel manufacturing plant as well as a factory to produce PVC ceilings in Chiredzi.   The company’s managing director Venancio Kurauone said the . . .