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[Nov 2017] Yemane Girmay General Contractor Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Court freezes assets of major construction companies in a continued corruption case

Corruption crackdown continues as the number of suspects who are placed under custody reaches 55 as of yesterday. Moreover, an asset freeze order was issued against 210 individuals and 15 companies who are suspected of having dealings with the officials, individuals and brokers who are arrested for corruption charges.

The court has issued an asset freeze order on Gemeshu Beyene Construction Plc and Ellily Hotel, both owned by a notable businessman- Gemeshu Beyene.

Construction companies including, ASER Construction Plc.,

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1.06 billion Br Condominium Road Contracts Awarded to 5 Contractors

Addis Abeba City Roads Authority AACRA LogoThe Addis Abeba City Roads Authority (AACRA) awarded seven contracts to five contractors for a cumulative 1.06 billion Br for 20kms of asphalt roads. The agreements were signed on Thursday June 26, 2014 between Fekade Haile (Eng), head of the AACRA, and representatives of the construction companies, at the AACRA’s headquarters.

All off the

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