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Agro park project receives positive go-aheads from donors

USD 300 mln set aside for infrastructure development so far Following the government’s plan to construct integrated agro processing industrial parks in major productive corridors of the country, the African Development Bank (AfDB) and other partners have pledged to extend financial and technical supports to realize the development of four major agro parks.

Ethiopia, Djibouti launch electric railway

Ethiopia and Djibouti officially inaugurated their newly built standard-gage modern electric railway infrastructure that is ready to replace their old railway line often referred as an ‘umbilical cord’ that intertwined the two nations for more than a century.

Eight major cities set to undergo power distribution upgrades

-Chinese contractor commences work in Addis with USD 21Mil The Ethiopian Electric Utility (EEU) has decided to rehabilitate, upgrade and expand electric power distribution networks of the country where eight major cities in Ethiopia are set to benefit from the nation-wide 85 million dollars project.

Evicted farmers refuse to accept replacement plots

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.

Report finds Ethiopia’s economy mostly unfree

Ethiopia’s resistance to open its financial services sector referred to as “popular myth” The US-based Heritage Foundation’s annual report dubbed “2016 Index of Economic Freedom” found the Ethiopian economy to be oppressed and lacking freedom for years.

Ride along

ZayRide, a new mobile phone application that connects taxi riders and taxi drivers based on location, has been launched by a young Ethiopian entrepreneur, Haptamu Tadesse, early this month.