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Aarti Still Plc, an Indian company located at Gelan announced that it is investing USD 75 million to increase its production to 100,000 tons of steel per annum. The expansion will also enable steel...
View ArticleForeign Firms Acquire 7 Factory Sheds in Mekelle Industrial Park
Foreign firms have acquired 7 of the 15 factory sheds in Mekelle Industrial Park. Goitom Gebrekidan, general manager of the park, told FBC that recruited apparel and textile firms have been concluding...
View ArticleAutomotive Industry on Spotlight Requiring Hard Push
Following the stimulated economy and the improving purchasing capacity of citizens the automotive industry has become spotlight in the country looking hard push for better performance, said the Metal...
View ArticleQatar Chamber hosts Ethiopian delegation
Qatar Chamber (QC) held a meeting with an Ethiopian government delegation to review trade ties between the two countries and the means to enhance them. The meeting also focused on investment...
View ArticleEthiopia’s industrial parks appeal to global textile producers
The three industrial parks, Hawassa, Mekelle and Kombolcha, were built as part of its efforts to become Africa’s manufacturing hub. Located in southern and northern Ethiopia, they have begun to attract...
View ArticleEthiopia Earned 115.4 Million USD from Leather and Leather Products Export
Ethiopia earned 115.4 million USD in the past fiscal year from the export of leather and leather products. This was disclosed by Leather Industry Development Institute (LEDI). According to Birhanu...
View ArticleBoI Urges Thai companies to Invest in Ethiopia and four others
The Board of Investment (BoI) of Thailand has encouraged Thai companies to start investing in other emerging markets to capitalize on special privileges as some countries have opened to foreign...
View ArticleElectric Utility urges METEC to finish capacitor work
The Ethiopian Electric Utility has responded to problems the Metal and Engineering Corporation has encountered assembling power factor correction capacitors by asking them to fulfill their obligation....
View ArticleEthiopia’s Textile Industry on Rapid Revival
Textile sector is one of the priority areas of the second Growth and Transformation Plan (GTP II) which mainly aims to increase the export by one billion dollar strengthening the finishing works of...
View ArticleNew Gold Mines TO Resurrect Deteriorating Export
Three foreign and local mining firms are developing large scale gold mines in different parts of the country which are expected to revive the declining foreign currency earnings from gold minerals...
View ArticleBahir Dar City to Get Special Economic Zone
Chinese Maxtor International Financial Services inked a memorandum of understanding with Ethiopia’s Amhara Regional State to build a Special Economic Zone in Bahr Dar city. The company’s officials...
View ArticlePower Transmission Lines in Place for Ethiopian Renaissance Dam
1400 km long 500kV high power transmission lines and distribution stations are in place that will carry electric power when the Great Ethiopian Renaissance dam begins power generation, according to...
View ArticleEthiopia Announces Plan to Build 51M USD Ethanol Plant
An ethanol plant is to be built at WonjiShoa sugar factory at a cost of 51 million US dollars, Fana broadcasting corporate reported. The construction of the first phase of the plant will be commenced...
View ArticleLarge scale Iron Ore production could be a reality by 2019
Ethiopia is going to extract iron ore on a large scale for the first time, an agreement was signed by the Ministry of Mines, Petroleum and Natural Gas (MoMPNG) and SekotaMining Plc. Sekota will invest...
View ArticleGERD-motivation for African countries in resource mobilization
The Grand Renaissance Dam in which Ethiopia is building along the Nile could be a motivation for African countries in terms of mobilizing domestic resources, an expert from African Climate Policy...
View ArticleAfrican Smallholders Can Seize $1 Trillion Food Market
The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa. This market is...
View ArticleAfrican and Chinese scientists endorse joint pact to promote sustainability...
Scientists drawn from prestigious Chinese and African research institutions approved a joint communique to advance green agenda through knowledge sharing in habitat protection, waste management and...
View ArticleEthiopian Airlines Signs Up for Sabre Passenger Reservations Technology Solution
Africa’s largest airline group, Ethiopian Airlines, has renewed its passenger reservations system with global travel technology provider, Sabre Corporation, according to press release sent by the...
View ArticleEthiopia’s Reppie Waste Energy Facility to Be Commissioned in December 2017
The 50-megawatt (MW) Reppie Waste to Energy facility, which Ethiopia claims to be the first of its kind in Africa, will be commissioned in December, according to Ethiopian government officials. “The...
View ArticleFive Companies Bidding to Develop 100MW Solar Energy
Five international energy firms are bidding to construct a 100MW solar energy power plant in Metehara, town, 223km east of Addis Ababa. As part of the government’s ambition to build a climate resilient...
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