Taking the peaceful nuclear initiatives to a more practical stage, the Russian Federation has inked an intergovernmental nuclear deal with Ethiopia, where the latter will develop its own nuclear facilities in ten years’ time.
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.
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.
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.
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.
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.