MIDROC

Dec282019 by newbusinessethiopianewsNo Comments

Al Amoudi to build mega oil processing in Ethiopia

BY MEKONNEN TESHOME - Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman and Owner of the leading Ethiopian investment group, Midroc Ethiopia, is set to invest 4 billion birr (around $126.2 million) in mega edible oil processing factory in Addis Ababa, Ethiopia. (more…)

Chopper crashes in Ethiopia this morning

Travel

One of Trans Nation Airways choppers crashed this morning minutes after departure from the Bole International Airport in Addis Ababa, Ethiopia. (more…)

Ethiopia generates $3 billion selling state enterprises

Investment

By Andualem Sisay Gessesse - The government of Ethiopia has privatized 290 companies in 14 years from 1995-2015, according to the information obtained from the agency in charge of supervising and selling state enterprises. (more…)