ENAJune 17, 2019 Addis Ababa – The Dire Dawa-Dewele toll road project which cost 5.2 billion birr was inaugurated yesterday. About 85 percent of the construction was financed through loan obtained from China’s Exim Bank and the remaining sum by the Ethiopian government. The 220 kilometer road is the second toll road to Ethiopia, next […]
borkenaJune 10,2019 US $ 4.4 billion worth geothermal energy is launching in September 2019 in Ethiopia, a London based Global Construction Review (GCR) reported on Monday, June 10, 2019. Reykjavik Geothermal (RG) is developing the Corbetti and Tulu Moye projects and they could produce up to 500 MW of electricity, according to the source. As […]
borkenaMay 25 , 2019 Isuzu, a Japanese automaker, is opening assembly plant in Ethiopia, reported state broadcaster – EBC – on Saturday. According to the report, the company is making preparations to make its plant operation in July of this year. The company’s CEO had a meeting with Ethiopian Ambassador to Japan, Kassa Teklebirhan. Kassa […]
borkenaMay 21, 2019 New regulation introduced to regulate expatriate investors engaged in oil extraction in Ethiopia met with resistance from companies in the sector, reported the Ethiopian Reporter on Sunday. The new regulation requires those who are in the business of oil extraction to open a foreign currency bank account in Ethiopia. If this arrangement […]