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Wuxi No. 1 Cotton Ethiopia Textile Plc Opens Plant in Dire Dawa

ADDIS ABABA: Wuxi No. 1 Cotton Ethiopia Textile Plc., a Chinese textile manufacturer, has opened its textile factory in Dire Dawa’s Industrial Park. Found inside 52 hectares of land with over USD 220 million spent, it has, so far, created more than 1500 local jobs in the area and is expected to reach 3500 once it’s fully operational.

 On reform track

The sole telecom operator, Ethiopia Telecom, has urged various government authorities and individuals to refrain from making erroneous statements on the on-going telecom reform program aimed at ending the state monopoly on the telecom sector.

Power Utility breaks METEC’s supplymonopoly

Effectively ending the long-standing electric equipment supply monopoly that Metals and Engineering Corporation (METEC), the now failing military conglomerate, had over the state-owned power utility company, Ethiopian Electric Utility (EEU), for many years, it has openly issued invitations to local manufacturers this week to supply the products, The Reporter has learnt.

Eutelsat joins race for Ethiopia’s telecom sector

The France based, European Organization of Telecommunications by Satellite S.A. (Eutelsat) has expressed its interest to join the Ethiopian telecommunications sector, following the liberalization decision taken by the government.

Affordable international brand set foot in Addis

Tulip Inn Olympia Hotel, the second brand of Louvre Hotels Group, has opened-up shop in the capital. A 3-star hotel located around the Meskel Square area of the capital, it will complement the Golden Tulip Hotel, a five star hotel located in Bole which opened in 2016.

Contraband threatens national gold supply

The account of expanding contraband activities in various boarder areas of the country, the  amount of gold produced by artisanal miners in various regional states and being channeled to the National Bank of Ethiopia (NBE) keeps dwindling, The Reporter has learnt.