Ethiopia’s Infrastructural Drive Continues at High-Gear
By Nejib M. August 02, 2013 Ethiopia has been working with the objective of achieving the middle-income status in about 25-30 years for the last decade. Under a committed leadership and well-crafted policies of a developmental state, a double-digit annual…
Ethiopia 2013/14 Budget to Focus on Infrastructure
Reuters Ethiopia’s economy is expected to maintain a growth rate of 11 percent in 2013/14 with plans to upgrade infrastructure given prominence in its annual budget, Prime Minister Hailemariam Desalegn said on Thursday. The Horn of Africa nation has in…
Ethiopia’s Investment Prospects: A Sectoral Overview
Photo: Henok Assefa, CEO at Precise Consult in Addis Ababa, Ethiopia Ethiopia’s Investment Prospects The June 2013 issue of African Review of Economics and Finance contains a study titled “Ethiopia’s Investment Prospects: A Sectoral Overview” by Henok Assefa, Derk Bienen…
Invest in Ethiopia: Focus – Mekelle
Millennium Cities Initiatives Earth Institute, Columbia University New York Disclaimer Always referred to as a hub to almost 85% of the World’s Natural resources. Africa indeed is a blessed continent among all continents and even by the time the West…
Samsung to set up Laptop, Printer Assembly Plant in Ethiopia
By Tamiru Tsige Samsung comes up with new technology that makes decoders obsolete March 15, 2013 — The South Korean multinational conglomerate and technology company Samsung has finalized a deal with the Ethiopian government to set up a plant that…
Mining to be Ethiopian Economic Backbone as Allana Outlines Progress
By: Simon Rees 7th March 2013 TORONTO (miningweekly.com) – Sub-Saharan Africa was at the fore of the Prospectors and Developers Association of Canada’s 2013 show, with projects from West, Central and Southern Africa firing the imagination of many delegates and…
Ethiopia: Chuan Hui International Tower and Park Hyatt Addis Ababa Increased from 58 Floors to 99 Floors
Press Release Previous Press Release is found here Design Update: Floors increased from 58 to 99 – Chuan Hui International Tower and Park Hyatt Addis Ababa to be Africa’s Tallest Building March 3, 2013 — Guangdong Chuan Hui Group is delighted…
How Ethiopians Benefit from Indian (and other) Land Investors
By METASEBIA TADESSE The article in The Hindu, by Ashish Kothari, “How Ethiopians are being pushed off their land” (Op-Ed, February 19, 2013) is far from the truth and makes charges that are unfounded. Had the organisers of the so-called…
Private Chinese Investment in Africa: Myths and Realities
Xiaofang Shen, visiting scholar in the SAIS China Studies Program and former World Bank investment specialist, published in January 2013 an excellent study titled “Private Chinese Investment in Africa: Myths and Realities” as a World Bank working paper. The paper…
Ethiopian Military-Run Corporation Seeks More Foreign Partners
By William Davison Feb 17, 2013 Metals & Engineering Corp. — http://www.metec.gov.et — an Ethiopian military-run corporation, said it plans to partner with more foreign companies as it spearheads a government-drive to develop industries in Africa’s second-most populous nation. METEC, as…
US Developer Launches 400 MW Ethiopia Wind Project
Terra Global Energy Developers, LLC, the first US wind energy developer to enter Ethiopia’s growing wind energy sector, today announced the launch of a 400 MW wind energy project in Debre Birhan, Ethiopia. San Francisco, CA and Addis Ababa, Ethiopia…
Africa Can Only Be Developed Through Investments By Africans, Says Aliko Dangote
Photo: Nigerian born Billionaire Aliko Dangote Africa’s richest man and President of Dangote Group, Aliko Dangote has urged African businessmen to increase their investment stakes across the continent to spur growth and development in Africa. According to Dangote, Africa can…
PM Hailemariam Desalegn: Ethiopia Prefers Trade with the UK rather than Receiving Aid
By Yemane Nagish Prime Minister Hailamariam Desalegn held discussions with the deputy prime minister of the United Kingdom (UK), Nick Clegg, at his office yesterday on issues ranging from trade and investment to human rights and democracy. Briefing the press…
African Development Bank (AfDB) Commits $1.1 Billion To Boost Geothermal Development
Financing Change, an AfDB report has revealed expected results from a programme financed by the bank with $1.1 billion and Climate Investment Funds (CIF) with $420 million in order to reduce annual CO2 emissions by 6.9 million tones and connect…
Ethiopia Coaxes Investors to Finance Growth Plan
By William Davison Feb. 11, 2013 Ethiopia’s government plans to attract more foreign investment and boost domestic savings as it struggles to finance infrastructure and other development projects, State Minister of Finance Abraham Tekeste said. The government is seeking “concessional…
Ethiopia Charms Indian Leather Manufacturers
Feb. 10, 2013 Ethiopia becoming one of the best places to invest in manufacturing Availability of raw materials and abundant labour has turned Ethiopia into an attractive investment destination for Indian leather manufacturers.” Ethiopia is looking for investments in the…
Stahl Africa Establishes First Leather Products Lab in Ethiopia
Feb. 01, 2013 Ethiopia: Stahl Opens New Application Laboratory in Addis Ababa Stahl, a company that specialises in providing quality chemicals, dyes and coatings for leather is to open an application laboratory in Addis Abeba. Dutch company Stahl Africa has launched…
UK Based Global Conglomerate, Hinduja Group, Considering To Expand Business In Ethiopia
Feb. 01, 2013 Hinduja Group Plans To Expand Business In Africa Global conglomerate company Hinduja Group is planning to increase its business stakes in Africa in areas ranging from transport, infrastructure and coal while seeking partnership with governments of various…
Alecto Minerals Starts New Exploration in Ethiopia
Jan. 28, 2013 Addis Ababa, Ethiopia – Alecto Minerals has put out details of its current exploration program focused at its 1,953 sq km AysidMetekel gold project in north-western Ethiopia. Last month, the company reported that an in-house technical study…
Tullow Oil Commences Drilling Operations in South Omo, Southern Ethiopia
Image: Tullow Drilling Locations in Omo, Ethiopia Jan. 22, 2013 Tullow Ethiopia (Tullow) has commenced drilling operations at the Sabisa-1 exploration well in the South Omo concession areas of the Southern Nations Nationalities and Peoples’ Region (SNNPR.) This drilling operation…
Ethiopia Hoping to Attract More Investment from Chinese Manufacturers
By Meron Tekleberhan Addis Ababa, Ethiopia, Jan. 03, 2013 — Ethiopian Press Agency — Ethiopia hopes to attract more investment from Chinese manufacturing companies due to the increasing cost of labor and resources in China said Seyoum Mesfin, Ethiopian Ambassador…
One Continent, Two Approaches: The U.S. and China in Africa (Videos)
Photo: Senator Chris Coons, Democrat from Delaware Dec. 19, 2012 The Center for American Progress in Washington hosted on 18 December 2012 a panel discussion on the US and China’a approach to Africa. Senator Chris Coons (Democrat from Delaware), Chairman…
Lifan of China Mulls Africa Expansion After Ethiopian Plant Move
By William Davison Dec 17, 2012, Bloomberg News – Lifan Industry Group Co., a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager…
Growth Path in Africa and The Chinese Influence (Must Read Article)
By Andrew Moody and Zhong Nan (China Daily) Dec. 17, 2012 “Ethiopia is following a development path similar to that of China” – Ethiopia’s minister of finance and economic development As African economic prospects brighten, there is debate about which…
BEZEMA Dyes and Chemicals NBE Plc, a Geneva-based Company, Opened the First of its Kind, a Bonded Warehouse in Ethiopia
By Merga Yonas Dec. 17, 2012 First chemical, dyestuff bonded warehouse opens doors BEZEMA Dyes and Chemicals NBE Plc (http://www.bezema.com), a Geneva-based company, opened the first of its kind, a bonded warehouse in Ethiopia where it will supply chemicals and…
Ethiopia: The Awakening of a Sleeping Giant
Addis Ababa skyline: The city feels like a huge construction site By Catherine Grant-Makokera and Itumeleng Rantao December 16, 2012 Ethiopia: Underestimated Regional Power Only the Sky is the Limit for Ethiopia’s Development When you walk on the streets of Addis…
Mercy Corps Planning $10 Million Private-Equity Fund in Ethiopia
By William Davison Dec. 11, 2012 (Bloomberg) — Mercy Corps, a non-governmental aid agency, plans to set up a $10 million private equity fund in Ethiopia to encourage foreign investment, primarily in agriculture, Country Director Dominic Graham said. Several British…
Ethiopian Success Model Company, SoleRebels, Opens a Second Store in Taiwan
In Ethiopia, Trading Poverty for Prosperity Provides Global Success for soleRebels Making recycled tires from Africa into fashionable footwear that sells around the world? That’s the amazing success story of soleRebels, which just opened a second store in Taiwan. The…
World Bank Group: 2.5 Million Ethiopians Lifted out of Poverty over the Past 5 Years as a Result of Strong Economic Growth (VIDEO)
Photo: Guang Zhe Chen, World Bank Country Director for Ethiopia Ethiopia’s Growth is Double the Sub-Saharan Average World Bank Group : Ethiopia Economic Update – Overcoming Inflation, Raising Competitiveness ADDIS ABABA, December 13, 2012—Over the past decade, the Ethiopian economy has…
Ethiopia is Attracting Billions in Direct Foreign Investment (Video)
Photo: Chuan Hui International Hotel in Addis Ababa, Ethiopia Dec. 13, 2012 CCTV Report: Ethiopia’s Trade Sector Growing Fast Ethiopia has been registering remarkable economic progress in recent years. Thanks to the government policies, a lot of red tape and…
European Investment Bank to Finance Aisha I Wind Farm Project
By Kaleyesus Bekele Dec. 10, 2012 Corporation secures loan for Adama II The European Investment Bank notified the Ethiopian Electric Power Corporation (EEPCo) of its decision to finance Aisha I wind farm project. The Aisha wind farm project that will…
Iranian Envoy: Iran Ready to Make Additional Investments in Ethiopia
Dec. 09, 2012 Iran’s Ambassador to Ethiopia Ali Bahreini has expressed the Islamic Republic’s readiness to make more investments in the African country, Press TV reports. “We acknowledge that Ethiopia has achieved a lot during the last decade and our…
Alecto Minerals Decides on Five High Priority Targets for Ethiopia Gold Project
Dec. 06, 2012 Alecto Minerals (LON:ALO) said work to date on its Aysid Metekel gold project in Ethiopia has identified five high priority targets for the 2013 field season. The process of whittling down the most prospective areas was aided…
Ethiopia Opens Up For Investment
By Mzwandile Jacks Nov. 27, 2012 VENTURES AFRICA – Ethiopian Prime Minister Hailemariam Desalegn, has shown earliest signs that he wants to put an end to Addis Ababa’s aloofness and invite foreign companies to invest in the country. Desalegn –…
DEG, a German Company, Invests $10 Million USD in Schulze Global Ethiopian Growth Fund (Video)
DEG of Germany Invests $10 Million in Ethiopian Growth Fund DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH) announced that it will invest 10 million US Dollars into the Schulze Global Ethiopian Growth and Transformation Fund I, a private-equity fund focused solely…
Indian Firm, Aarti Steel Plc, Invests $55m USD In Ethiopian Steel Project
Sept 28, 2012 VENTURES AFRICA- Aarti Steel Plc today inaugurated a one billion birr ($55 million) steel producing factory in Oromia Regional State, in a somewhat unusual foreign investment in the little-known Ethiopian steel-manufacturing sector. The factory -to be based…
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