Category: Economy
MeTEC under fire for causing delays and extra costs Salini’s delay claim adds to GERD crisis Remaining work outsourced to Alstom & Voith The construction of the massive Grand Ethiopian Renaissance Dam (GERD) along the Nile, a project treated as…
Abiy will have a one-on-one dialogue with the Chinese President Xi Jinping Expert advices the Premier use the opportunity to pursue alliance & attract more private Chinese investment. Ethiopian Prime Minister Abiy Ahmed will embark on his first trip…
The Ethiopian government will offer shares to foreign investors in its major public enterprises, including Ethiopian Airlines, the ruling Ethiopian People’s Revolutionary Democratic Front said in a statement. The state will retain the largest stakes in Ethio Telecom, Ethiopian Airlines,…
Djibouti and Ethiopia have brokered a deal to develop and operate a port during Prime Minister Abiy Ahmed’s visit to Djibouti, state media disclosed. Abiy ended 48-hour stay in Djibouti on Sunday, participating in talks on security, trade and improving…
An agricultural investor in Gambella was arrested for protesting the invasion and occupation of his farm land by refugees arriving from South Sudan, fleeing conflict. Adege Nigussie has been growing cotton and oil foods in Gambella’s Itang zone since 2010…
Ethiopia’s burgeoning textile sector is hoping for European market access as eight manufactures showcased their products at the Texworld/Apparel Sourcing Paris that took place from 11 February until 14 February, 2018 in Le Bourget, Paris. The eight manufactures, Almeda Textile…
BGI Ethiopia, Ethiopia’s largest brewing company and unit of the French Castel Group, is set to take over full ownership of Zebidar Brewery, a relatively young player in the industry whose majority share is owned by Unibra, the Belgian-based company,…
The prosecutor of the Federal Attorney General has decided not to proceed against owner of Satcon construction firm, Samuel Teklay, a suspect in the much touted anti-corruption campaign launched few months ago. With the decision to drop the case, the…
Karuturi Global Ltd., the Indian farm conglomerate that has been active in Ethiopia for the past seven years after acquiring more than 100,000 ha to produce food for foreign markets halted its investment activity and left country, the CEO Ramakrishna…
Responding to damning reports of the Ethiopian House of People’s Representatives last Wednesday, Kinfe Dagnew, head of the state-owned Metal and Engineering Corporation (METEC), also a military general, spent much of his time on the defensive. His corporation ventures in…