Following approval received at shareholder meeting last week, Nyota Minerals Ltd. (NYO.AU) announced yesterday, June 14, 2010 that it acquires…
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Nyota Minerals buys 80 percent share in Ethiopia
Ethiopia to boost budget 20 percent
Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment (1.5 billion…
Read MoreItalian company to introduce ‘Made as in Italy’ products in Ethiopia
Proras, Italian Engineering and Contracting company, which has been working in Ethiopia for the past nine years, invited Ethiopian Small…
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Ethiopia lengthening fiber-optic line to 10,000 kms
With the aim of expanding telephone and internet services, Ethiopian government is working to extend the current 7,000 kms of…
Read MoreEthiopia GDP per capita hikes to 217 USD, says government
Ethiopian government says country’s GDP per capita has now reached 217 USD from 164 USD five years ago.
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Ethiopia shifting economic partnership from West to East
Trade privileges from Europe’s Everything But Arms (EBA) and America’s African Growth Opportunity Act (AGOA) are not stopping Ethiopia from…
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Ethiopia continues investing in power
Continuing its investment in power projects, Ethiopia inaugurated today (May 14, 2010) the Beles hydroelectric power generation plant, which cost…
Read MoreArdent Energy Group to outsource biofuel farm in Ethiopia
Ardent Energy Group Inc, a Nevada Corporation with a branch in Ethiopia engaged in a biodiesel fuel development announced that…
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Economists advise Ethiopia to revise energy policy
Researchers at the Ethiopian Economic Association (EEA) advised Ethiopian policy makers to revise the existing national energy policy to overcome…
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US advises Ethiopia to liberalize telecom, finance sectors
The United States government has advised Ethiopia to liberalize its telecommunications, banking and insurance sectors to attract broad foreign investment.
Read MoreSaudi Star to install first rice processing plant in Ethiopia
Saudi Star Agricultural Development Plc, which is currently engaged in commercial rice farming in Ethiopia, is to construct rice processing…
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Ethiopia inaugurates new airport
The number of airports in Ethiopia increased to 15 after the capital city of Benishangul-Gumuz Reginal State, Assosa, gets a…
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