ETHIOPIA Archives - Page 2 of 5

ETHIOPIA MINISTER DISCUSS DEAL WITH EQUILIBRIUM FOR ENERGY SECTOR INVESTMENT

Posted on March 9, 2023 by Gambeta News

Ethiopian ministers discussed a possible joint venture with the Hungary-based Equilibrium Capital to invest in the energy sector. Equilibrium’s co-founder Peter Nagy met with Ethiopia’s Planning and Development minister Fitsum Adela, and State Minister of foreign affairs Misganu Arega, in Doha, Qatar. The Ministry of Foreign Affairs said the meeting focused “on the potential of the firm’s investment in Ethiopia’s energy sector through a joint venture.” Equilibrium Capital is a firm engaged in the provision…

SUDAN TO SUPPORT ETHIOPIA IN GERD DAM CONSTRUCTION ISSUES

Posted on January 30, 2023 by Gambeta News

Sudan has now returned to its prior position, expressing its full support for the Grand Ethiopian Renaissance Dam. It’s a dramatic shift from when Sudan sided with Egypt to oppose the dam’s construction. The announcement was made when Prime Minister Abiy Ahmed (PhD) went to Sudan, where he was welcomed by Abdel Fattah al-Burhan, Chairman of the Transitional Sovereignty Council of the Republic of the Sudan. Abiy’s visit is the first since the Sudanese military…

ETHIOPIA MINISTER DISCLOSE PLANS TO REBUILD AND RESTORE INFRASTRUCTURE DESTROY BY WAR

Posted on January 10, 2023 by Gambeta News

Ministry of Urban and Infrastructure disclosed that encouraging activities have been carried out to rebuild and restore infrastructures destroyed by the war in the northern part of Ethiopia. The bridges that were destroyed due to the war in the north have now been repaired and become fully operational, it was indicated. Recall that a delegation led by Speaker of the House of People’s Representatives Tagesse Chafo, comprising ministers, heads of service-providing institutions, and National Dialogue…

ETHIOPIA PM CALLS FOR MANUFACTURERS TO HELP EXPAND PRODUCTION INDUSTRY

Posted on January 5, 2023 by Gambeta News

The half-day tour today is a part of the government-led national movement called ‘Ethiopia Tamrit’, or Let Ethiopia Produce. The movement, launched in May 2022, aims to address the challenges encountered by manufacturers to boost their production and import substitutions. On Wednesday, the PM made a tour of value various industrial complexes in Gelan Town located 30 kilometers out of Addis Ababa. Abiy first visited the BK Metal Engineering Complex. The plant assembles heavy-duty trucks and…

EEU SAYS POWER RESTORATION WORKS NOW IN 80 CITIES & TOWN IN ZIMBABWE

Posted on December 29, 2022 by Gambeta News

Electric power has been restored in 80 cities and towns in northern Ethiopia after restoration works to infrastructures damaged during the recent conflict, says the Utility firm. The state-run Ethiopian Electric Utility (EEU) says the restoration works on infrastructures enabled to resume of electric services in 80 cities and towns in Amhara, Afar, and Tigray regions. “Efforts to reconnect the remaining 27 cities and towns to the electric grid is ongoing,” the state-run Utility firm…

ETHIOPIA MINISTRY OF JUSTICE CHARGE DIRECTOR OF NISS OVER CEMENT FRUAD

Posted on December 17, 2022 by Gambeta News

The Ministry of Justice says it has filed grand corruption charges against four employees of the National Intelligence and Security Service (NISS) including its deputy director for Construction and Logistics, who are suspected of buying 29,200 quintals of cement from two factories at a low price and selling it at higher prices. The officials and experts had purchased the cement in the name of the National Intelligence and Security Service and illegally earned more than…

ETHIOPIA GOVT. CONSIDERING TERMINATING CSCEC CONTRACT OVER STADIUM PROJECT

Posted on November 10, 2022 by Gambeta News

The government of Ethiopia is considering terminating its contract with the giant Chinese state enterprise, the China State Construction Engineering Corporation (CSCEC), over its huge financial adjustment claim to complete the second phase of the Adey Ababa stadium being built in Addis Ababa. The Minister of Culture and Tourism, Kejela Merdasa, presenting his office’s quarterly performance report to the House of Peoples’ Representatives’ Health, Social Development, Culture, and Sports Affairs Standing Committee, warned about the…

ETHIOPIA GOVT. SET UP INNOVATIVE FINANCE LAB TO SUPPORT MSMEs

Posted on October 20, 2022 by Gambeta News

Ethiopia has set up an Innovative Finance Lab to support its rapidly growing Micro, small, and medium enterprises (MSMEs). The Lab will help MSMEs to test, innovate and grow a new set of services, products, and instruments in their bid to get financial access. The National Bank of Ethiopia (NBE), in partnership with the UN Development Program (UNDP), launched the financial lab. Ethiopia has an estimated 2 million Micro, small, and medium enterprises. However, a…

ETHIOPIA PRIME MINSTER INAUGURATE NEWLY BUILT SCIENCE MUSEUM

Posted on October 6, 2022 by Gambeta News

Prime Minister Abiy Ahmed has inaugurated the newly built Science Museum at the heart of Ethiopia’s capital, Addis Ababa. The Museum, built on seven hectares of land, consists of two multipurpose structures – a ring-shaped building and a dome. Its circular shape symbolizes perpetual development and human wisdom, says the PM Office, adding it “is a testament to Ethiopia’s dedication to the future of technology”. The building of the museum has its own halls dedicated…

MANUFACTURING OF BOEING 737 MAX AIRPLANE FACILITY INAUGURATED IN ETHIOPIA

Posted on September 22, 2022 by Gambeta News

Ethiopian Airlines and Geven-SkyTecno have inaugurated a state-of-the-art facility for the manufacturing of Insulation Blankets for Boeing 737 MAX airplanes. The facility is part of a Boeing agreement (BSCA) between The Boeing Company, Geven-Skytecno, and Ethiopian Airlines. The new joint venture company of Ethiopian and Geven-SkyTecno is based in Addis Ababa with a primary manufacturing facility at Bole Airport. Ethiopian Airlines holds 51% and SkyTecno 49% of the stake of the newly established company, named…

ETHIOPIA MINSTER UNVEIL NEW CEMENT PRICE TO CURB RISE

Posted on September 15, 2022 by Gambeta News

The Ethiopian Ministry of Trade and Regional Integration has announced today that it has issued a new cement price regulation to curb the rising price of cement products in the country. The ministry said it decided after it asked cement factories in Ethiopia to make price adjustments to tackle the increasing cost of cement products. However, the prices forwarded by cement factories were too high, promoting the ministry to establish a task force to study the production…

MAINTENACE WORK ON LEGEDADHI & DIRE DAM ON TRACK AFTER DEAL SIGNED IN ETHIOPIA

Posted on August 1, 2022 by Gambeta News

The Addis Abeba City Administration has signed an agreement with the Italian company WeBuild, formerly Salini Impregilo, for an amount of US$11 million loan secured from the World Bank to help carry out the maintenance and improvement works on the Legedadhi and Dire dams. The former alone supplies up to 40% of the city’s water. The Mayor of Addis Abeba, Adanech Abiebie, said during the signing of the agreement that the city administration was working…

ETHIOPIA TO LAUNCH FREE ONE-MONTH ELECTRONIC-BASED TRANSPORTATION

Posted on July 20, 2022 by Gambeta News

The Ministry of Transport and Logistics has launched free one-month electronic-based transportation services for Addis Ababa residents with 60 electric vehicles that are assisted with 40 charging stations. On the occasion, Transport Minister Dagmawit Moges said that the introduction of 60 electric vehicles is sought to provide comfortable, efficient, modern, and reliable transportation service in the country in addition to replacing fuel consumption and reducing carbon emissions. Accordingly, the ministry is working to replace the…

ETHIOPIA TELL EU TO RECONSIDER ITS BIASE STANCE ON GERD PROJECT

Posted on June 24, 2022 by Gambeta News

The European Union should reconsider its biased stance on the Grand Ethiopian Renaissance Dam,” Ambassador Dina Mufti, the spokesperson of the Ethiopian Ministry of Foreign Affairs (MoFA), said at the Ministry’s biweekly presser to local media. Recalling the recent joint statement between Egypt and the European Union regarding GERD, the spokesperson stated that the EU’s stance about “Egypt’s water security” is not acceptable. The Ambassador assured us that Ethiopia doesn’t have any plan to harm any…

CONSTRUCTION OF LUXURIOUS BUILDING BEEN DELAYED DUE TO LACK OF CEMENT IN ETHIOPIA

Posted on June 15, 2022 by Gambeta News

The construction of phase one of the luxury La Gare integrated community development project, which is being built by Dubai-based Eagle Hills developers, is delayed due to a lack of cement and problems related to boundary issues, state media reported. The project is part of one of the largest luxury residential complexes of around 4,000 residential units and is being built by Eagle Hills, a private real estate investment and development company based in Abu Dhabi,…

ETHIOPIA GOVT. REBUILT BRIDGE CONNECTING SOMALIA

Posted on June 3, 2022 by Gambeta News

The bridge connecting the Dawa zone of the Somali regional state with the Eastern Guji zone of the Oromia region has been rebuilt and inaugurated by high officials from both zones, reports said. The bridge was rendered dysfunctional due to damages caused by heavy rains that befell both zones in 2019, according to the report. Mohammed Qeyu, the Deputy Administrator of the Dawa zone, said that the reopening of the bridge would be significantly beneficial in…

HIGH SCHOOL STUDENT CREATE TECH TO BOOST CONSTRUCTION INDUSTRY IN ETHIOPIA

Posted on April 20, 2022 by Gambeta News

A new era is fast approaching and technologies are leading the way. So with the constant innovation, it is no wonder people are coming up with new ideas. Now the latest development is a 12th-grade student named Betselot Bekele that has created a platform that could accelerate connectivity within the construction industry. She created a bot on Telegram, called “Meet-Up,” with the aim of connecting (on-site) contractors and interested customers. Betselot remarked that she created the…

EGYPT HOPING TO REACH GERD DAM AGREEMENT

Posted on January 18, 2022 by Gambeta News

The Grand Ethiopian Renaissance Dam (GERD) project is still having issues with all three parties involved (Sudan, Egypt and Ethiopia) still yet to come to a conclusion on way to settle their dilemma. However, in a interview with the BBC, Egypt Prime Minister Mostafa Madbouli has reaffirmed that Cairo is keen to reach a legally binding agreement on the filling and operation of the Grand Ethiopian Renaissance Dam (GERD). He noted that the three countries…

REQUEST FOR PROPOSALS FOR THE CONSTRUCTION OF RESIDENTIAL APARTMENTS IN OROMIA SPECIAL ZONE, ETHIOPIA

Posted on June 2, 2021 by Gambeta News

The Office of the Prime Minister has secured land from the Oromia Special Zone for its own project development purposes and would like to avail a section of it for potential developers. Accordingly, the PMO would like to invite potential housing developers to submit concept proposals for the construction of residential apartments and houses. Read the full notice Assigned by: Federal Democratic Republic of Ethiopia – Office of the Prime Minister Submission Deadline: June 15th,…

PHOTO UPDATE: CONSTRUCTION OF MODERN BOARDING SCHOOL FOR THE BLIND IN ADDIS ABABA

Posted on May 5, 2021 by Gambeta News

Addis Ababa: – First Lady Zinash Tayachew is constructing schools in all regions across the country and a boarding school for the blind. The modern boarding school will have a capacity to accommodate 300 blind people, and is being built on 3.3 hectares of land in Addis Ababa Kaliti sub-city. The secondary schools will be built in all regions; In particular, it has been found to be economically and geographically accessible to students who are…

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