Addis Ababa, August 27, 2021 (FBC) – Ethiopian Electric Power said Ethiopia plans to build 71 power projects over the next ten years, at a cost of over 40 billion US dollars. Out of the 71 projects, 16 are hydropower, 24 wind, 17 steam, and 14 solar. CEO of Ethiopian […]
Monthly Archives: August 2021
13 posts
The Israeli state-run company Israel Aerospace Industries (IAI) on Thursday said in a statement that it will establish a Boeing passenger-to-cargo conversion facility in Ethiopia. IAI has signed an agreement with Ethiopia’s national flag carrier Ethiopian Airlines to establish the conversion site for Boeing 767-300 passenger aircraft. The new passenger-to-freighter […]
he Innovation and Technology Minister, Abrham Belay (PhD) announced that Ethiopia’s e-commerce size has reached over 300 Billion Birr during the concluded fiscal year. He stated that Ethiopia has put in place enabling mechanisms that helped to speed up its path to the digital economy. Legal instruments and proclamations developed […]
Addis Ababa, August 15, 2021 (FBC) – Tourism Ethiopia said that it has prepared an outline entitled: “National Tourism Investment Profile” and identified 50 prospective investment sites to help Ethiopia reap tourism sector potential for the next 10 years. Tourism Ethiopia Director, Sileshi Girma told The Ethiopian Herald that they […]
Addis Ababa, August 10, 2021 (FBC) – Trade and Industry Ministry stated that the Ethiopian government has finalized preparations to show case the country’s culture, investment and trade and at the much awaited EXPO2020 Dubai starting from August 11, 2021. Ethiopia will be participating in the EXPO under the theme […]
A non-profit investment think tank established by the former President Mulatu Teshome was officially inaugurated today. Center for Investment Networking in Ethiopia (CINE) is an investment think tank expected to be a reliable investment bridge that would bring key investment stakeholders together in order to catalyze viable and sustainable investment partnership […]
Ethiopian Embassy in Tel Aviv in partnership with Israeli Export and International Cooperation Institution organized a round table that involved several stakeholders on how to boost trade and investment cooperation between Ethiopia and Israel. Israeli investors operating in Ethiopia, Israeli companies that have interest to invest in Ethiopia and experts […]
Ethiopian Investment Commissioner, Lesise Neme and China’s Minister Consular for Economic and Commercial affairs, Yang Yi Hand have explored ways to enhance investment ties between the two countries. During the discussion, Commissioner Lelise Neme reaffirmed the commitment of Ethiopia to improve the investment climate and develop skilled human resources needed […]
Ethiopian Electric Power (EEP) said Sudan has asked to purchase 1,000 megawatts of electricity from Ethiopia. EEP Corporate Planning Executive Officer, Andualem Sia told ENA that various African countries, including Sudan have expressed interest to purchase electricity from Ethiopia. Professionals from both countries are discussing Sudan’s interest to purchase 1,000 […]
Addis Ababa, July 29, 2021 (FBC) – Chinese solar panel maker GCL Group plans a plant in Ethiopia to make ammonia using the natural gas produced from fields it has been developing under a deal with the local government, the company said on Thursday. GCL, which is diversifying its business […]
Addis Ababa, July 26, 2021 (FBC) – An Industry Park Employees Saving and Loan Integrated Scheme entitled “Tatari” has been launched in Hawassa city. The scheme is aimed to increase workers retention and productivity under the Bridge Program of MasterCard Foundation. Key stakeholders of the project includes Federal and Regional […]
Addis Ababa, July 23, 2021 (FBC) – Ethiopia has earned 3.6 billion US dollars from export of different commodities during the concluded 2020/2021 fiscal year, the Trade and Industry Ministry announced. Compare to same period the previous year, the revenue has increased by 19.5 percent, the ministry indicated. In the […]