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Africa’s largest geothermal project hits a snag

- Government contemplates to establish geothermal exploration, development enterprise Africa’s largest geothermal development project with an installed generation capacity of 1000MW planned to be carried out with an out- lay of four billion USD in the Oromiya Regional State near Shashemene town has hit a snag due to outstanding issues with the Ethiopian government.

Turkish giant to invest USD one billion in Beles sugar project

- Molino looks for partners to set up a food city complex     By Zekarias Sintayehu, Istanbul, Turkey The Turkish giant, Bedisa Group, is negotiating to take over 75 percent of Beles Sugar Project, which is located at Amhara Regional State, some 576kms from the capital Addis Ababa, by investing USD one billion.

NBE forex guidelines further restricts banks

In a move to regulate the allocation of foreign currency to importers, the National Bank of Ethiopia (NBE) has ordered commercial banks to allocate foreign currencies to importers without restrictions on the number or the value of pro forma invoices submitted by importers and ordered them not to turn away any importer requesting foreign currency.

Total, AAU Suggest reuse of motor oil

-   Used oil poses health, environment hazards Total Ethiopia and the Addis Ababa University Institute of Technology are undertaking a study on the possibility of recycling used motor oil which currently is disposed everywhere, posing a hazards to the environment and human life.   

Managing Investor’s Confidence

On May 2, 2011, the commander-in-chief of the US armed forces, President Barack Obama, interrupted a regular television broadcast to appear on the TV screens.

Lack of standards stifles print industry

Lack of standards in printing is crippling the industry, publishers and printers indicated. Currently, there are no standards that govern those who enter the industry and their products as well.