Domestic Investors to Embark on Coal Plant Projects

Jun 19 , 2021


Two coal processing plants are set to begin construction in Gurage Zone and Assosa, as announced by Takele Uma, minister of Mines & Petroleum, during foundation-laying ceremonies held three days apart this past week. In the Gurage Zone, the first is a coal washing and processing plant being erected by SUN Mining and Trading Plc, a subsidiary of the Sunshine Investment Group, projected to be finalised in 10 months with a capacity to process 800,000tn of coal annually. The other one in Assosa, being developed by NOC Ethiopia is projected to be finalised in 11 months. The Minister stated that several other companies are expected to join the coal production business in different parts of the country to boost overall production capacity to 2.5 million tonnes annually. Ethiopia spends over 200 million dollars a year on importing coal for cement production and energy generation.


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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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