Local Firm Steps into Continental Market

Jan 19 , 2019


The Ethiopian Construction Design & Supervision Works Corporation has consulted on two African countries’ construction projects for an estimated fee of two million dollars. The corporation conducted a feasibility study of Rufuji Hydropower Project for the government of Tanzania. The dam has a capacity of generating 2,100MW of electricity, and the report was commissioned for 1.1 million dollars. The Corporation also participated in road construction and consulting of two irrigation projects in Nigeria. The projects, one covering 5,000ha and the other 32,000ha, enabled the Corporation to earn 687,000 dollars. In addition, the firm also constructed a 380Km road project for 226,000 dollars. In the current fiscal year, the Corporation, founded by a trio of government enterprises, has planned to participate in 387 projects and to collect 1.1 billion Br.


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Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


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Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


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Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...