Thursday, February 9, 2023
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Author Name

Birhanu Fikade

Total Articles by the Author

554 ARTICLE

Hard currency shortage hampers Lifan Motors expansion plan

Lifan Motors PLC, a subsidiary of the Chinese car-maker Lifan Group, said that it could have manufactured at least motorbikes from a scratch in Ethiopia had there been no issue with regard to accessing hard currency.

Ethio-Egyptian JV set to process weed into energy

Egyptian and Ethiopian companies have inked deals that aim at replacing coal as an energy source with weeds. The joint venture (JV) has acquired a whopping one million hectares plot of land in the Afar Regional State.

Djibouti to finalize construction of four ports

The construction of four new ports in Djibouti at a total cost of some USD 900 million is set to be finalized within six months, it was learnt.

Moroccan fertilizer company eyes USD 500 mln investment here

The Morocco-based OCP Group, which specializes in fertilizer manufacturing, is conducting talks with Ethiopian authorities to set up a manufacturing plant in Ethiopia at a cost of half a billion dollars.

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A home away from home

As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports

New central bank’s governor reveals priorities to get economy back on feet

The newly appointed National Bank of Ethiopia (NBE) governor,...
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