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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.
