BDL Group to Build Textiles, Garment Factory
BDL Group, a Bangladesh-based company is going to build textiles and garment factory in Mekelle town, with over 765 million Birr. The Group has signed agreement with the town administration and received 68ht of land for the construction of the factory. The construction of the factory will be launched within two months and production will be commenced after nine months. Upon completion, the factory is meant to create jobs for nearly 3,000 people. DBL Group is an export oriented composite knit garments and textiles manufacturing industry in Bangladesh. The Group currently employs about 15,700 people. The company has set plan to undertake additional investments within the coming two years.
Publication: Ethiopian Herald, October 21, 2014
Adama II Wind Farm Start Generating Electricity
The Adama II wind farm, being built in Adama town 98Km east of Addis Abeba, started to generate electricity on a trial basis. Three turbines each with an installed capacity of 1.5Mw has started to generate electricity. Launched in 2012/13, construction of the Adama II wind farm with an installed generation capacity of 153Mw, has reached 81pc. The construction of the wind farm which will have 102 turbines estimated to consume 345 million dollars, of which 85pc is covered by the Chinese EXIM Bank. A 13Km long power transmission line with a capacity of carrying 230Kv as well as a 78Km long power transmission line with a capacity of carrying 33Kv is constructed. Under the five-year Growth and Transformation Plan(GTP), Ethiopia plans to generate 890Mw of power from wind.
Publication: Ethiopian Herald, October 17, 2014
City to Build Cost Effective Temporal Houses
The Addis Abeba Urban Housing Development and Construction Bureau (AAHDCB) organized an event on Monday to exhibit new communal and cost effective temporal houses’ design which is going to be built in the city to relocate residents whose lands have been taken for various developmental engagements. The new design is prepared by Ethiopian Institute of Architecture Building Construction of Addis Ababa University (EABC) aimed at building cost effective houses using local materials. Nearly 5,000 houses are expected to be built and could be rented with affordable price which is comparable to the rent fee the residents pay for the house they used to live previously. He noted that the project would take three to four months to be completed.
Publication: Ethiopian Herald, October 21, 2014
Authority to Increase Revenue Collection by 25pc
The Ethiopian Revenue Authority said it has planned to raise annual tax and revenue collection from 106 billion Br in the last year to 134.20 billion Br this fiscal year. The Authority said so at a deliberation on the budget year’s plan with the Budget and Finance Affairs Standing Committee of the parliament on Wednesday. The rationale behind the ambitious plan is due to the expected rise of tax collection that will come in tandem with the growing economy of the country. The committee recommended strong monitoring mechanism should be in plane to prevent improprieties in connection with duty free privileges to import some goods. Working in coordination with states is also taken as one of the strategies to monitor the violation of tax law in the country.
Publication: Ethiopian Herald, October 23, 2014
Twenty Two Water Bottling Factories Have No Quality Assurance Certificates
Presently among some 32 water bottling factories in the country, only Harbele Trade Industry, Yes Brands Food and Beverage Plc, Eden Business S.C., Asku PLC, Great Abyssinia Plc, Electro Commercial S.C., Origin Food and Beverage Factory, Debre Berehan Natural Drinking Water Plc, Alamz Eshet Kebede Mineral Water Factory, East Africa Bottling Plc and Vaiolet General Trading PLC water bottling plants are certified so far, the Ethiopian Conformity Assessment Enterprise (ECAE) noted. Presently, ECAE is not in a position to tell whether the remaining 22 factories are bottling quality water or not unless it carries out assurance tests on them. As bottled waters are enlisted under the Ethiopian Mandatory Standards category, their products will not be released for sale unless the plants acquire conformity assessment assurance certificates. Those water bottling plants not given a green light must get quality assurance certificates up to December 9, 2014. When this deadline is over, legal measures, will be taken for the plants have to fulfill Ethiopian mandatory standards.
Publication: Ethiopian Herald, October 16, 2014
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