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Mar 16 , 2019

State Surrenders Ownership of Can Plant

The government is selling off its stake in Ethiopian Crown Cork & Can Manufacturing Industry S.C. The Public Enterprises Holding & Administration Agency, which owns a 75pc share in the comp...

Mar 16 , 2019

Fourth Malt Factory Takes Root

The Soufflet Group, a French family-owned business that collects and adds value to agricultural raw materials, is going to build its fourth malt factory for 70 million euros. The plant, to be built...

Mar 16 , 2019

MPs Pass Bill with Divided Votes

The bill drafted for a loan agreement to finance the Meqelle Water Supply Development Project was passed for further review with 20 abstentions and against votes. The 230 million dollars of fina...

Mar 16 , 2019

The view

The view from around Somali Tera, in Merkato, shows cleared land awaiting construction as well as the skeletal skyline that has become characteristic of Addis Abeba. Some part of it is fenced off, ano...

Mar 9 , 2019

ROUNDABOUT HOME

In this part of Addis Abeba, known as “Enkulala Fabrica,“ the roundabout is serving a purpose different than what was intended. It is being developed, with construction material and equipment stre...

Mar 9 , 2019

OUTDOOR SHOP

Houses in front of Mega Building in the Bole area are being demolished. But this is not upsetting trade. Doors to toilets are being sold on the side of the street, with the vendors not appearing to be...

Mar 9 , 2019

50/50

Sahleworq Zewde (left to right), president of Ethiopia, Senait Fisseha (PhD), director of international programs at Buffett Foundation, and Vera Songwe (PhD), executive director of United Nations Econ...

Mar 9 , 2019

Foreign Minister Joins UN

United Nations Secretary-General António Guterres named Foreign Affairs Minister Worqneh Gebeyehu (PhD) as director-general of the United Nations Office at Nairobi (UNON) on March 8, 2019. Worqneh...

Mar 9 , 2019

Inspection Firm to Join Hawasa Industrial Park

SGS, a multinational company headquartered in Switzerland, will establish a fabric and garment testing laboratory in Hawassa Industrial Park. Currentlyc manufacturers must send samples overseas to...

Mar 9 , 2019

UN, Peace Ministry Join Hands to Manage Conflict

The Ministry of Peace (MoP) and the UN launched a project on inclusive governance and conflict management to support the government of Ethiopia. The project will cost 2.8 million dollars and will b...

Mar 9 , 2019

Ministry Keeps Fuel Retail Price Constant

The Ministry of Trade & Industry has kept the retail price of all petroleum products at a constant level for March, except for aircraft fuel. The price of aircraft fuel increased by 10pc to 22...

Mar 9 , 2019

Two Dams Envisioned on Awash for 11b Br

The Awash River Development Office finalised a study to build two new dams with a capital outlay of 11 billion Br. These two dams will be built on both sides of the river. The dams are expected to...

Mar 9 , 2019

New Orphanage Comes to Addis

A new orphanage, called Qusquam, is being set up in Addis Abeba at a cost of 20 million Br. Zinash Tayachew, wife of Prime Minister Abiy Ahmed (PhD), laid the cornerstone for the building on March 8,...

Mar 9 , 2019

Chinese Firm Obtains Bentonite Extraction License

Arerti Ceramic Manufacturing, a Chinese company, has obtained a bentonite mine extracting license from the Ministry of Mine & Petroleum. The agreement was signed on March 8, 2019, between Samue...

Mar 9 , 2019

AfDB Extend $11m for Agro Industries

The African Development Bank (AfDB) extended 11 million dollars in financial assistance for the development of agro-industrial parks in four regions of the country. The parks are planned to be buil...

Mar 2 , 2019

EEP Awards Companies to Drill Geothermal Project

Ethiopian Electric Power (EEP) signed an agreement with two Chinese and Kenyan companies for a 70MW geothermal energy drilling project. Shandong Kerui Oilfield Service Group, Shandong Kerui Oilfiel...


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