A Chinese contractor, CGC Overseas Construction (CGC-OC) Group Ltd, has blamed electric power shortages for impeding the operations of the USD 339 million worth trans-boundary water project to pump potable water to neighboring Djibouti.
Despite the country facing shortages in wheat supply, 2300 metric tons of wheat import stored at the Port of Djibouti for more than five months, has been exposed to contamination, The Reporter has learnt. The import is thought to be worth around USD one million.
24,250 metric tons of wheat imported from abroad and stored in the Port of Djibouti for weeks, has suppliers fearing it might be exposed to contamination if it is going to stay there any longer, The Reporter has learnt.
Ethiopian companies from the manufacturing sector have participated in a multi-event International Trade Fairunderway in Djibouti City; however,as a matter of coincidence almost all companies from Ethiopia at the Fair were seen represented by female business leaders.
In an effort to ease congestion of cargos that often curtail the normal movement of goods from the Port of Djibouti; the United Nations World Food Program (WFP) has signed a memorandum of agreement with Ethiopia to manage the land corridor and port operations.
The Chinese oil and gas company, Poly-GCL Petroleum Investments, has awarded a 313 million dollars bid to another Chinese company, China Oil HBP Group, to commission the Calub and Hilala natural gas fields in the Ogaden basin, it was learnt.
Prime Minister Abiy Ahmed (PhD) on Thursday disclosed that the Chinese government has agreed to restructure some of Ethiopia’s debt, including a USD four billion loan for a railway that stretches from Addis Ababa to Djibouti.