Latest News In Brief




Mining

Mining Contributes to County’s Transformation

Ministry of Mines (MoM) announced that the mining sector in Ethiopia is greatly contributing to the transformation of the country from agriculture lead economy to industry.

In the last fiscal year the country has earned about 541 million dollar from export of Mines and the government has collected 198 million Br in the fiscal year in the form of tax and non-tax revenues from the sector.

The mining sectors is supplying inputs to manufacturing industries in Ethiopia, especially Mines which are used to produce cement are better exploited, says Bacha Fuji, public relations director at the ministry. Currently, there are 160 companied engaged in the mining sector in Ethiopia.

Publication: Addis Zamen, September 25, 2014.

Energy

Aluto Langano Geothermal Plant Gets Operational

The ministry of Water, Irrigation and Energy (MoWIE) announced that Aluto Langano Geothermal Plant will go operational in 2014/15 fiscal year.

Currently over 78 pc of construction of the geothermal plant is finalized and it will be operational in April 2015, says Gosaye Mengistie, Energy Study and Development Follow-up Directorate at the ministry. The project was launched in 2013 to upgrade the current power generation capacity which is 7MW to 70MW with the total projected cost of 35 million dollar. The cost is covered by the government of Japan, the World Bank and the government of Ethiopia with respective share of 12 million dollar, 13 million dollar and 10 million dollar. The nation has targeted to generate 1,000MW geothermal electric power in the coming few years.

Publication: The Ethiopian Herald, September 14, 2014.

Export

Ethiopia Earned 57 million Dollar from Live Animal Export

Ethiopia has gained 57 million dollar from the export of live animals to Middle East and African countries in the 2013/14 fiscal year.

The export earning is secured by exporting four thousand fattened animals, according to a press release by the Adama Quarantine Station which is  under the authority of Ministry of Agriculture (MoA). Ethiopia’s main live animals export distination countries are Egypt, Saudi Arabia, Yemen, Sudan, Djibouti, Oman and Dubai, according to a statement by Kimiya Mohamed (PhD), head of the station. The country has also planned to earn 1.5 billion dollar in the 2014/15 fiscal year from the export of live animals. The sector is known to suffer from smuggling.

Publication: Adis Zemen, September 12, 2014.

Industry

EABMEI’s Capital Reached 18 Billion Br

The Ethiopian Association of Basic Metal and Engineering Industries (EABMEI) has announced that its capital has reached 18 billion Br.

The increment in the capital is due to expansion projects the association carried out in the last fiscal year, says Solomon Mulugeta, head of the association. The association has created 25 thousand casual and permanent job opportunities.

In the last fiscal year, its production capacity has reached 1.2 million ton per year.

There are about 250 metal industries with different production capacity and at different levels of sophistication, says Fite Bekele, Communication director at the Ethiopian Metal Industry Development Institute.

Publication: Addis Zemen, September 13, 2014.

Education

Bahir Dar University Inaugurates 13 million Br Worth Research Center

Bahir Dar University has inaugurated a 13 million Br worth training center which is designed to enhance the practical skill and knowledge for specially gifted students.

Besides giving formally structured education,opening of the centre enables students who have special talent in the field of science and technology, engineering and mathematics to explore their talent and engage in research and development which could enhance their creative capacity, says Bayle Damte (PhD), president of the university.

The center has 11 laboratory rooms, a library, meeting hall, offices and other reserve multifunctional reserve rooms. It is believed that the center could help students to practice their conceptual knowledge, to familiarize themselves with existing technologies, engage in adoption and updating of technologies and altimetry create new ones, says Tesfaye Shiferaw (PhD), vice president of the university.

Publication: Addis Zemen, September 15, 2014.



Published on September 21, 2014 [ Vol 15 ,No 751]


SHARE :
               


Editorial

Our subscribers to the print edition are entitled to get a bonus in a f...


Agenda

Since ATM's were introduced to the banking system in Ethiopia almost a...


Fineline

Our subscribers to the print edition are entitled t...


Commentary

The issue of migration is an important world affair that deserves neede...


Viewpoint

Our subscribers to the print edition are entitled to get a bonus in a f...


Opinion

Approximately eight years ago, there was a subject - more than any othe...


View From Arada

Our subscribers to the print edition are entitled to get a bonus in a f...


Editors Pick










MEMBERS' LOGIN

ADVERTISEMENT

ADVERTISEMENT

SUBSCRIBE TO ADDISFORTUNE

Subscribe to our Newsletter

* indicates required