Business

As the Ethiopian Institute of Agriculture Research (EIAR) comes closer to celebrating its 50th anniversary, the existing land policy has stirred debate among researchers and policymakers.

Africa Oil and Maersk Oil and Gas have concluded a farmout deal in two oil exploration blocks in Southern Ethiopia.

The construction of four new ports in Djibouti at a total cost of some USD 900 million is set to be finalized within six months, it was learnt.

The Morocco-based OCP Group, which specializes in fertilizer manufacturing, is conducting talks with Ethiopian authorities to set up a manufacturing plant in Ethiopia at a cost of half a billion dollars.

Samsung Electronics Africa announced on Thursday in Johannesburg that it will be launching satellite villages in Ethiopia, Kenya and Tanzania this year.

The outstanding loan that the Commercial Bank of Ethiopia (CBE) has provided through the purchase of corporate bonds has reached 152.7 billion birr, the National Bank of Ethiopia’s annual report noted.

The Ministry of Education (MoE) and the Chinese Inspur Group Limited Company have inked a 20-million-dollar project agreement that aims to help prov ide quality education in 300 secondary schools and 10 universities in different regions of the country using modern information technology system of cloud infrastructures.

Construction Contractors Association of Ethiopia (CCAE), which was established in 1991 to alleviate obstacles facing contractors and help them play their appropriate role in the development of the construction industry, amended its bylaws, which served the association for the past 24 years.

The controversial Chinese multinational and supplier of health and wellness products, TIENS a.k.a. Tianshi said that the recent allegation of improper business practice that prompted the Ministry of Trade to place a ban on its business license in Ethiopia is a product of severe misunderstanding and that its network marketing system has nothing to do with the pyramid scheme it is accused of.

The horticultural sector, among which the cut flower export sector is the major one, has fetched some USD 245 million in 2014.