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Sekota Mining Plc., the first mining firm in Ethiopia to invest in iron ore, has requested the Development Bank of Ethiopia (DBE) to provide it with 1.2 billion birr loan for the development of an iron ore extraction and processing plant in the Amhara Regional State.
Getahun Nana, vice-governor and director of bank supervision division at the National Bank of Ethiopia (NBE), has been appointed to lead the Development Bank of Ethiopia (DBE), a policy-lender bank which has financed major investment projects in Ethiopia worth billions of birr over the years.
Bekele Nigussie is the head of the new Federal Infrastructure Development Coordination Agency (FIDCA), an agency established to solve the long - standing problem of lack of coordination among various governmental agencies in Ethiopia.
Chefe Oromia (Oromia Council)—the supreme body of the Oromia Regional State—has been summoned to hold its second urgent meeting today and tomorrow in Adama town, the capital city of the regional state, 100km south of the capital, Addis Ababa.
Farmers who have been evicted from their land to make way for the construction of Huajian Industrial Park a.k.a Leather City, owned by the giant Chinese shoemaker Huajian Group currently residing in the Eastern Industry Zone located in the outskirts of the capital, have refused to accept the replacement land that was availed by the Addis Ababa City Administration on the ground that it is completely unlivable.
The Dubai-based giant company, Albwardy Investment (ABI), has once again showed its interest to purchase Hilton Addis, one of the oldest international brand hotels in Ethiopia, wholly owned by the government of Ethiopia.
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