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Tulu Moye power project gets USD 1.55 mln grant

The United States of America, through its International Development Finance Corporation (DFC), has committed USD 1.55 million (equivalent to some 54 million birr) in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia.

Two-billion steel manufacturer on the horizon

A local company established by four Ethiopian investors, Tadash Steel Manufacturing Industry Plc, has built a steel factory at a total cost of two billion birr in Dukem town, in the Special Zone of the Oromia Regional State.

Ethio telecom to launch mobile money

After series of negotiations and deliberations, the National Bank of Ethiopia (NBE) has finally given the greenlight to the national telecom company, Ethio telecom to start mobile money services.

SoE revenue falls short of target 

The State owned Enterprises (SoEs) have generated some 300 billion birr in revenues, 38 billion birr short from the targeted revenues while securing 55.66 billion birr in profits which as well short of the 70 billion birr in profit before taxes, set for the concluded Fiscal Year.