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TMGO kicks off power project

Tulu Moye Geothermal Operations (TMGO), a USD 800 million project, has started its drilling in Tulu Moye, located in Arsi Zone of Oromia Region. This is to be a long term project, due to be completed by 2025 and generate 150 MW, which will be added to the Ethiopian Electricity Grid base-load needs.

Washington trade expo to facilitate AGOA

Destined to be held in Washington DC, Ethio-US 2020 trade fair is set to facilitate business opportunities for 200 local companies in a bid to revitalize the African Growth Opportunity Act (AGOA) which is drawing to its deadline in five years.  

Ethio Lease to mechanise the agriculture sector

The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.  

Belayab to expand into Djibouti

Belayab Foods Production PLC – owners of Pizza Hut and Cold Stone Creamery franchises which opened this morning in Sar Bet – is set to emulate its international brand operation successes in the nation, in neighboring Djibouti.