Ethiopian Miner, Australian University Sign Deal to Grow Sector

Nov 16 , 2019


[ssba-buttons]

Kefi Tulu Kapi Mining Company and the University of Western Australia School of Mines signed a memorandum of understanding. The signing was held at the headquarters of the Ministry of Mines & Petroleum to equip the workforce with the necessary skills for the growth of the industry on November 13, 2019. "The government of Australia recognises the significance of this industry for the growth of the country’s economy," said Peter Doyle, ambassador of Australia, during the signing ceremony. Ethiopia's mining industry has been in decline over the past several years. While it only generated 49 million dollars in the past fiscal year, the sector brought in 650 million dollars six years ago. "We will work with the Ministry to match international practices with young Ethiopian professionals," said Harry Anagnostaras Adams, executive chairman of Kefi.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...