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 fiber-optics line to 10,000 kms in the coming three months.
Saudi 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 factory with an investment capital of 125 million birr (around 9.6 million…
Ethiopia inaugurates hydro electric power station
Ethiopia, which has been in a severe electric power shortage few months ago, finally adds a new 420 Mega Watt hydro power station to its national grid.
Exhibition opens displaying new universities
A photographic exhibition, which shows the 13 new universities built in Ethiopia over the past few years, opens at Goethe Institute last night January 11, 2009.
China, Ethiopia to boost trade to three billion USD
BY YENENEH SISAY – The Chinese government and Ethiopia announced that they are working to increase the bilateral trade between them to three billion USD by the year 2015.
Banking business in Ethiopia booming
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.
Authority revokes 82 business licenses
The Revenue and Customs Authority of Ethiopia over the past months revoked trade licenses of 82 businesses for not starting to use the sales registering machine on the time table set by…
Ethiopia’s November export declines 5 percent
Ethiopia ’s total export earnings for the month of November, 2009 declines by around 5% compared to the previous month.
YBP to construct 17 fuel stations In Ethiopia
Yetebaberut Beherawi Petroleum (YBP) Share Company, which is the first domestic company to start oil distribution in Ethiopia five years ago, announced that it is constructing 17 additional fuel stations in the…