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Business news for Ethiopia week 46

12,094 Comments · Business news

Short Business News from Fortune:

Demble City Centre might go on auction
The state-owned Development Bank of Ethiopia (DBE) has publicly threatened Yencomad Construction plc to put Ethiopia’s first and biggest city centre on auction if they do not horner the loan (186 million Birr) that was taken to build Demble City Centre.

Fertilizer have increased again in Ethiopia
Since 2004 the fertilizer prices have increased more than 600 % and have now reach a price level at 650 USD per ton.

NOC wins the 3 year fuel bid made by Ethiopian National Defense
NOC wines the bid from the last winner Total. It has a worth at 1.2 billion usd.
 

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