The Brain behind Ethiopia’s Industrialization Drive
Ethiopia is to launch mega sized industrial parks in close to five locations for investment of 30 billion Br, on around 20 million square meters of land to be covered with factories, and service...
View ArticleMinistry Aspires to turn eyes of Domestic Investors to Manufacturing
The ministry of Industry says it has been preparing to attract and expand the participation of domestic investors in manufacturing sector in the coming five years. Corporate communication Director with...
View ArticleAmhara Region to get Integrated Agro-industrial Park
The Amhara Regional State is going to establish an integrated agro industrial park in Bure town, located to the east of the region, during the course of the second Growth and Transformation Plan (GTP...
View ArticleSino-African Entrepreneurs Summit to be held in Marrakech
The 1st Sino-African Entrepreneurs Summit will be held in Marrakech, Morocco from 26-27 November 2015. The Summit will bring together high-level decision-makers from the public and private sectors,...
View ArticleEthiopia to Manufacture Automobiles for the First Time
Ethiopia is set to manufacture automobiles, as well as some military hardware, the head of the Ethiopian Power Engineering Industry (EPEI) said. EPEI General Manager, Major Assefa Yohannes said that...
View ArticleEthiopia Aims to Become One of the World’s Top 10 Sugar Producers
In recent years, the Government of Ethiopia (GOE) has made considerable investments to boost the country’s capacity to produce sugar. With these investments, the GOE envisions the country becoming one...
View ArticleEthiopia’s inflation drops by .01 percent
Ethiopia’s inflation edged lower to 11.8 percent year-on-year in October from 11.9 percent in September, the country’s statistics office said on Monday. The Central Statistics Agency disclosed that...
View ArticleMinistry Rates 68 Hotels
The Ministry of Culture and Tourism (MoCT) has today announced classification of 68 hotels existed in Addis Ababa. Out of the 123 hotels which the Ministry initially set to rank, only 95 have become...
View ArticleDBE to Avail 122 bln birr for Priority Projects
The Development Bank of Ethiopia (DBE), which is dubbed as policy bank of the government, has ambitiously planned to avail 112 billion birr finance for priority projects during the second Growth and...
View ArticleMaersk Oil Buys Licenses in Ethiopia
Maersk Oil has agreed to buy half of Africa Oil Corporation’s shares in three onshore exploration licenses in Kenya and a further two in Ethiopia for a fee that could rise to $845 million, it said...
View ArticleCircum mulls China Partner for $2.6 bn Ethiopian Potash
Circum Minerals Ltd., a closely held Canadian miner, held talks with Chinese and Indian companies about establishing a partnership to develop a $2.58-billion Ethiopian potash plant as it awaits a...
View ArticleMIDROC Announces 8Bln Birr Expansion for MIDROC Gold, Elfora Agro-Industry
MIDROC Ethiopia Technology Group has announced an eight billion Birr expansion project for Elfora, an agro processing subsidiary, and MIDROC Gold, a mining exploration subsidiary. The company, which...
View ArticleAfrican Cotton can Boost Ethiopian Textile Industry
Experts at the 9th Cotton made in Africa (CmiA) and the COMPACI Stakeholder Conference in the Ethiopian capital Addis Ababa have pushed for the host nation to the develop the entire textile value chain...
View ArticleDevelopment Effectiveness Review on Ethiopia
The Development Effectiveness Review on Ethiopia 2015 examines Ethiopia’s development challenges in recent years and assesses the African Development Bank’s contribution to addressing them. It also...
View ArticleDashen Brews with Arsenal to Supply Expanded Market
Dashen Brewery S.C. is inaugurating its much larger second plant in Debre Birhan town, more than tripling the company’s beer products in a bid to be more competitive in central and southern Ethiopia...
View ArticleAlle Bejimla to Join Veggie Market with 10m Br Investment
Alle Bejimla, the state owned wholesale cash & carry store, is joining the vegetable market in a month’s time with capital of 10 million Br. This was disclosed at an event at Sheraton Addis, where...
View ArticleSBG Mineral Water Launches New Product with 52m Br Investment
SBG Mineral Water Company officially launched its new product, ARKI mineral water, from its manufacturing site in Sululta on November 14, 2015, a month after bringing it to the market. It cost the...
View ArticleBoosting Africa’s Trade through Insurance
The role of Africa in the world trade is insignificant. It contributes only 3 percent for global trade and the types of products it supplies to the market are mostly raw materials with no value...
View ArticleDangote expands in Ethiopia with 450 mln USD investment
Dangote Cement is to invest 450 million dollars to double its current production capacity to five million metric tonnes a year. The company has already received a 36ha of plot of land from Oromia...
View ArticleIndustrial Parks Attract Investment
Industrial parks could only succeed within the framework of an industrial policy. The commitment of African governments to expand industrial parks is said to be instrumental for the attraction of...
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