Friday, April 19, 2024

Business

Dangote to expand investment in Ethiopia

The richest African business tycoon, Aliko Dangote, is set to boost his investment in Ethiopia, it was learnt.

Kenya excels in geothermal power, Ethiopia lags

Closing in on a deal that guarantees the construction of the sixth geothermal power projects, Kenya eyes top position to become one of the few geothermal power hubs in the world with potential of 10,000MW of generating capacity.

Exporters, Ethiopian facing off on delayed meat export

Controversy and compensation claim surrounding meat export destined to the Kingdom of Saudi Arabia on Tuesday and which has been delayed until Thursday night due to Ethiopian’s inability to avail cargo flight on the mentioned day has attracted attention, The Reporter has learnt.

CBB’s branches to be renamed after its new owner

All branches of the recently engulfed Construction and Business Bank (CBB) are scheduled to reopen doors as branches of its new owner, the mammoth Commercial Bank of Ethiopia (CBE), on Monday.
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Ermais Amelga stripped off immunity

Ermias Amelga, founder and former CEO of Access Real Estate S.C, has been stripped off a government guarantee that provided the embattled businessman immunity. The guarantee was lifted in a letter signed by the minister of Justice, Getachew Ambaye, on March 14, 2016.

Ethiopian to build Africa’s largest Chinese restaurant

Ethiopian Airlines is set to build Africa’s largest Chinese restaurant at its main hub in Addis Ababa, it was learnt.

Eritrea digs deep for jobs

The evening sun casts a glow over the Bisha mine as the last dump trucks of the day climb up gravel tracks on their way to a refinery, where copper and zinc ore will be processed and shipped off for sale on the world market.

EFFORT seals deal for first PVC resin plant

The Endowment Fund for Rehabilitation of Tigray (EFFORT) has contracted a Chinese engineering company— ECE Engineering Corporation—for the construction of the first ever PVC resin (Polyvinyl Chloride) manufacturing plant at cost of five billion birr (USD 250 million at current exchange rates) in Arato locality of Mekelle city, the capital of the Tigray Regional State.
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Huawei authorizes Techno Brain to train, certify ICT professionals

The Chinese telecom giant, Huawei, has authorized Techno Brain, a global ICT training provider based in Tanzania, to train and certify ICT professionals who can service, maintain or develop IT solution suitable for brands and services that Huawei markets.

Urban safety-net secures USD300 MLN financing

The House of Peoples’ Representatives (HPR) on Tuesday discussed several draft laws, including a USD 300 million loan agreement that Ethiopia recently cemented with the World Bank Group for the soon-to-start Urban Productive Safety Net project which will be implemented in Ethiopia for the first time.
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