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Aug 17 , 2019

City Reclaims Real Estate Firms' Land

Addis Abeba City Administration has reclaimed land plots covering a total of 41ha “illegally” possessed by real estate developers. The move from the city's Land Management & Development Bur...

Gov't Puts Economic Reform Plan in Place

With the main aim of addressing economic imbalances and sustaining growth, a team of experts under the Office of the Prime Minister drafted a three-year economic reform programme. Dubbed the Homegr...

Aug 17 , 2019

New Directive Eases Passport Application Process

Ethiopian citizens who hold kebele identification cards and birth certificates can now obtain a passport from the Immigration, Nationality & Vital Events Agency. Over the past 11 months, the A...

Aug 17 , 2019

MIDROC Expands Three Plants, Boosting Capacity

MIDROC Technology Group inaugurated the third major expansion project in a month, pushing the total investment for the projects to 574 million Br. In the latest round of expansion, the company inve...

Aug 17 , 2019

Chinese Firm Ploughes $70m into Textile Plant

A Chinese company set up a new export-oriented yarn plant in Adama, Oromia Regional State, with an investment of 70 million dollars. Kingdom (Ethiopia) Linen Plc built the integrated plant on 2.9ha...

Aug 17 , 2019

Local Shoemaker Acquires Bankrupted Tannery

A local shoemaker has acquired a bankrupt tannery located in Bahir Dar, Amhara Regional State, for 28.8 million Br. Development Bank of Ethiopia's Bahir Dar District foreclosed on Habesha Tannery f...

Aug 17 , 2019

Power Shortage Suspends Abattoir's Operations

Finished with an expansion project that consumed half a billion Birr, Organic Export Abattoir Plc has not begun operations at the new facility due to a lack of power supply. Organic Export Abattoir...

Aug 17 , 2019

Armed with New Procedure, Agency Procures Rash of Medical Equipment

The state pharmaceuticals and medical equipment supplier has received the second batch of medical equipment it procured from America and Switzerland under the new procurement arrangement. Procured...

Aug 17 , 2019

Youth Cut Old Trees Down to Build Park

Long-standing trees behind the European Union Delegation Office located on Cape Verde Street have been cleared to open space for a new public park to be built by an organised youth group at an estimat...

Aug 10 , 2019

PM Led Committee Goes Operational

A high-level committee chaired by Prime Minister Abiy Ahmed (PhD) has come online with the main aim of creating more jobs in the industry sector. The National Investment & Job Creation Steering...

Aug 10 , 2019

Task Force Emerges to Tackle Illicit Trade

The Office of the Prime Minister has formed a task force that will be tasked with fighting contraband and illicit trading in a bid to tackle ever-growing contraband activities. Chaired by Deputy Pr...

Aug 10 , 2019

Enterprise Takes First Step to Build Dukem Oil Depot

Construction of the Dukem Oil Depot would likely cost the government 145 million dollars, according to a project cost estimate conducted by an Australian consultancy firm. SMEC International PTY deli...

Aug 10 , 2019

Ethio Telecom Launches Electronic Top-up

Ethio telecom, the state monopoly telecom service provider, has launched an electronic voucher card system for prepaid mobile air time. The e-vouchers, which are printed by a digital voucher printi...

Aug 10 , 2019

Volvo Supplies Local Transporter with 50 Buses

ODAA Integrated Transport S.C, part of the economic revolution in the Oromia Regional State, has entered the transportation business with 50 cross country buses. The company bought the buses from V...

Aug 10 , 2019

Inflation Rate Hovers in Double-Digit Territory

Headline inflation, the indicator of the cost of living, has stagnated in the double-digit range with a slight increase in July to 15.5pc. This is a 0.1 percentage point increase from June, which r...

Aug 10 , 2019

Chinese Contractor Ventures into Ceramic Processing

CCCC, the prominent Chinese construction company, has ventured into the manufacturing industry, opening a ceramic processing plant with 50 million dollars in investment. CCCC Industrial Investment...


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