Ministry Launches Coal Washing Plant Project

Mar 5 , 2022

The Ministry of Mines has embarked on the construction of a coal washing and processing plant in Dawro Zone of the newly-formed South West Regional State. Takele Uma, minister of Mines, and Negash Wagesho (PhD), the region's deputy administrator, attended a foundation stone laying ceremony at the site last week. The development comes two months after the Ministry granted coal mining concessions to eight private companies in a bid to cut down on forex expenditures on coal imports. The bills for importing coal to power mainly cement factories have risen, reaching 275 million dollars last year. It is four times larger than the amount spent to import 650,000tn of coal in 2017 and double the volume shipped into the country five years ago.


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...