Ministry Kicks off Ethiopia-Asseb Road

Jan 23 , 2021

The 71.7Km Melodoni-Manda-Bure road project that will connect Ethiopia to Eritrea's Asseb Port was kicked off late last week. Having a total cost of two billion Birr that will be covered by the Ethiopian government, the road will be built by Chinese firm Shandong Liquino Group. The project is hoped to boost trade and strengthen ties between Ethiopia and Eritrea. During the ceremony of setting the foundation stone attended by Dagmawit Moges, minister of Transport, and Awol Arba, president of Afar Regional State, the project was highlighted as being in alignment with the Ministry's 10-year plan for the transportation sector. The plan gives special attention to interconnecting commercial destinations, urban and rural development centres, areas that are sources of industrial raw materials, industrial zones and centres, tourist destinations and social service providers


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...