OCP to invest $3.7bn in Ethiopian fertilizer plant
OCP the 95% state owned Moroccan phosphate producer, has partnered with the Ethiopian Ministry of Public Enterprise to build a fertilizer plant that will supply domestic demand and generate exports....
View ArticleFirst ever Africa Trade Week opens in Addis Ababa
The first ever Africa Trade Week opened in Addis Ababa on November 27, 2016 with the Economic Commission for Africa’s David Luke, urging participants to come up with solutions to unanswered questions...
View ArticlePulses Major Export Contributor
Apart from local nutritional value, pulses are key to sustainable agriculture. The Ministry of Farming and Natural Resources said leguminous crops play important role for the socio- economic...
View ArticleDelegation Team from Ethiopia Took Part in African Investments and Business...
Delegation team from Ethiopia attended African Investments and Business Forum held in Algiers, Algeria. The forum was held from December 3 to 5, 2016 under the theme of “Towards a new dynamic”. The...
View ArticleOver 6 billion birr investment projects enter into implementation phase in...
72 projects with a combined capital of 6.75 billion birr have entered into implementation phase in the first quarter of this Ethiopian fiscal year, according to the Ethiopian Investment Commission. The...
View ArticleAmerican Chamber of Commerce in Ethiopia Launched
U.S. Embassy Chargé d’Affaires Peter Vrooman and Commissioner of the Ethiopian Investment Commission Fitsum Arega joined the board of the newly established American Chamber of Commerce in Ethiopia to...
View ArticleChinese companies to build better connected intelligent grid in Ethiopia
Chinese telecom giant Huawei and China Electric Power Equipment and Technology (CET) have signed a Memorandum of Understanding (MoU) with the Ethiopian Electric Utility to build better connected...
View ArticleIFAD provides $114.5 Million to strengthen small-scale irrigation in Ethiopia
Ethiopia and the International Fund for Agricultural Development (IFAD) have signed a financial agreement amounting 114.5 million US dollars to boost small-scale irrigation development program in...
View Article4th Africa-Korea Forum opens in Addis Ababa
The 4th Africa-Korea Forum opened in Addis Ababa at the African Union Head Quarters, Medium Conference Hall on December 6. The first sessions included a meeting of senior officials, remarks by...
View ArticleEEP to Build Modern Load Dispatch Center
Preparations are underway to build a national load dispatch center, said the Ethiopian Electric Power (EEP). Following the completion of Gibe III hydropower plant, Ethiopia’s current power generation...
View ArticleWorld Bank Predicts Economic Growth Will Continue
In its fifth economic update for Ethiopia, the World Bank reported that the country’s growth will remain relatively steady in the coming years. The country has been growing at an average of 11pc over...
View ArticleAuthority Awards 2billion Br Roads Projects
The Ethiopian Roads Authority awarded four road projects worth two billion Birr to three local construction companies and a Chinese contractor. The road projects are located in the regional states of...
View ArticleEthiopia Gearing to Become Africa’s Top Tourism Spot
During the past two decades, Ethiopia’s ambitious economic initiatives to become middle income country managed to progressively grow and develop its economy. The country has given ample focus to...
View ArticleOmo Kuraz I sugar factory conducting final test-run to commence production
The Omo Kuraz I sugar factory is conducting the final test-run to commence sugar production. The construction of the factory was launched three years ago at a cost of 235 million US dollars. It is one...
View ArticleJumia Travel kicks off “Dream Deals”
Following the remarkable 2016 Black Friday campaign that beat all-times sales record, Jumia Travel kicked off a new campaign dubbed “Travel Wednesday” running every Wednesday on the company’s official...
View ArticlePresident Mulatu, China Poly Group Chairman discuss progress of oil, gas project
President Mulatu Teshome met with a delegation led by China Poly Group Chairman Yu Baodong to discuss about the progress of the oil and gas project in Ethiopia. The president assured the chairman...
View ArticlePresident Mulatu, China Poly Group Chairman discuss progress of oil, gas project
President Mulatu Teshome met with a delegation led by China Poly Group Chairman Yu Baodong to discuss about the progress of the oil and gas project in Ethiopia. The president assured the chairman...
View ArticleEthiopia to Construct Science and Technology Hub
Ethiopia’s Ministry of Science and Technology disclosed it has finalized preparations to construct a Science and Technology Hub in the capital. According to the Public Relation Director at the...
View ArticleUSAID Grants 22 million Birr to Expand Farm Service Center Networks in Ethiopia
The U.S. Agency for International Development joined the Ethiopia Agricultural Transformation Agency, and the Ministry of Agriculture and Natural Resources to award grants to 10 private entrepreneurs...
View ArticleChina Hands Over Hydropower Rehabilitation Project to Ethiopia
With an installed generating capacity of 6.6MW, the Aba-Samuel Hydropower Plant Rehabilitation Project was carried out in two years by PowerChina Huadong Engineering Corporation, for which the Chinese...
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