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Jun 29 , 2019

Two Firms Win 7.3b Br Mega Projects

A Chinese and a local firm secured contracts for design and build mega projects two weeks ago that have an aggregate value of 7.3 billion Br. Addis Abeba City Construction Bureau awarded China Jiangs...

Jun 29 , 2019

New Lease Financier to Join Business

Girma Wake, the former CEO of Ethiopian Airlines, along with eight foreign companies and individuals is forming the sixth lease financing company in the country. Ethio Lease Ethiopian Capital Goods...

Jun 29 , 2019

Five Firms Vie to Supply 936 Elevators

Five international and local companies are vying to supply 936 elevators for the middle-lower-income housing schemes with an estimated value of 1.3 billion Br. During the bid opening held on June ...

Jun 29 , 2019

Agency Establishes Regional Shops for Agricultural Inputs

The government is engaged in setting up nearly 200 one-stop agricultural supply shops within three years in four regional states at an estimated cost of 624 million Br. The Agricultural Transformat...

Jun 29 , 2019

Local Detergent Maker Boosts Capacity with $3m Investment

A local manufacturer of consumer goods plans to invest three million dollars to expand its spray drying detergent powder plant's production capacity. East African Tiger Brand Industries plans the e...

Jun 29 , 2019

First Ever Kids TV Channel Goes On Air

Ethiopia Kids TV Channel, the 30th television channel to be launched in the nation, started trial transmission last month. Founded by seven professionals hailing from journalism, the arts, informat...

Jun 29 , 2019

Bureau Seizes Aggregates Poached from Railway Corporation

The regional mining bureau in Oromia confiscated 29,000tn of construction material in Adama town "stolen" from the Ethiopian Railway Corporation. Worth 12 million Br, the materials were unused left...

Jun 29 , 2019

Trading Firm Ventures into Marble Processing

A Chinese trading company is setting up a marble processing plant with an investment of 130 million Br. Located in Bahir Dar, Amhara Regional State, the company started production in mid-June with...

Jun 29 , 2019

Institute Invests 756m Br for New Labs

The country's National Metrology Institute of Ethiopia is building laboratory centres and an administrative complex for 756 million Br at its premises located in Megenagna, near AMECHE. The new con...

Jun 23 , 2019

HOPE IN DOUBTFUL TIMES

President Sahlework Zewde (right) and Seleshi Bekele (PhD) (left), minister of Water & Irrigation, attended a symposium dubbed Ethiopia Water & Energy Week on June 17, 2019, at the Ethiopian S...

Jun 23 , 2019

Ethio Telecom Regains Loan Privilege without State Guarantee

After successfully servicing its foreign debt for the first time in three years, Ethio telecom has regained the privileges of borrowing without a sovereign guarantee. In the last nine months of the c...

Jun 23 , 2019

Task Force Emerges to Oversee Inflation

A new task force has come to life to explore the causes of the recent cost of living escalation and to come up with recommendations to keep the rate down. Chaired by Getachew Adem, deputy chief of th...

Jun 23 , 2019

City to Clear Fraud Charges Against 3,000 Taxpayers

The City Administration requested the Office of the Attorney General dismiss charges against 3,000 taxpayers, who are accused of alleged tax fraud. Initiated by the city's Revenues Authority, Deput...

Jun 23 , 2019

Elevator Procurement Saga Resurfaces in Court

A judge at the First Instance Court Kirkos Bench issued an injunction against a contract that the City Administration was about to award a Chinese firm to supply 338 electric traction elevators for th...

Jun 23 , 2019

Ethiopia to Reinstate WTO Negotiations

Prime Minister Abiy Ahmed (PhD) has formed a 10-member national committee to resume the process of World Trade Organization (WTO) accession, which was paused for the past six years. Formed on June...

Jun 23 , 2019

State to Electrify Tulu Kapi Gold Mine

The government has started the process of building a power substation to supply Tulu Kapi Gold Mine, which recently faced an attack by an armed group. The 15-million-dollars substation construction pr...


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