US to open a trade liaison office in Addis Ababa
US commerce secretary Penny Pritzker announced a plan to open a trade liaison office in Addis Ababa to facilitate commercial issues for US companies interested to invest in Ethiopia.
Ethiopia and other beneficiary countries of the AGOA want the extension of the program for the next 15 years though the program will expire in 2015.
Publication: The Ethiopian Herald Thursday May 29, 2014
Turkish investors to invest in Africa
The African union has incited Turkish investors to invest in Africa. Currently Africa is constructing more than 37,000 km roads and rail ways linking African countries, 54,000 mw of electricity which shows the commitment to attract investments. From 2012 to 2020 the projects that will be implemented receive 68 billion US dollar funds.
In addition to projects the continent has an increasing population and abundant land.
More than 100 Turkish investors have attended the forum and international language and culture festival at the African union.
Publication: Addis Zemen Monday June 2, 2014
Djiboutian government seeking for water
Djibouti government has submitted a project to eliminate its domestic drinking water problem through receiving more than 100,000 cubic liter of water for free from Ethiopia. The project is being reviewed in the Ethiopian parliament.
The project is planning to use Shinile Zone underground water which has a capacity of 270, ooo cubic liter per day and is only 100 km away from the Ethio-Djibouti border.
Of the agreements stated in the project include 4,000 ha land to be issued from the Ethiopian government and to import necessary machineries and vehicles exempted from tax.
Publication: Addis Zemen Wednesday June 4, 2014
Tendaho Sugar to start first phase production
The 472 million Tendaho Sugar Development Project launched in 2006 will start first phase production at the end of this month.
The project envisages to produce over 750,000 tons of sugar this year and over 4.5 million tons next year. The project can generate 120MW electricity when both phases are completed and 90MW of electricity will be transferred to the national grid. The project is expected to create over 6,500 permanent and 35,000 contract jobs. Over 15,000 jobs have been created to date.
Publication: The Ethiopian Herald Tuesday June 3, 2014
First fertilizer blending factory inaugurated
The first fertilizer blending factory is inaugurated. Becho-Wolliso Fertilizer Blending Factory to be built in Tullo Bullo town, Oromia is one and first of the five fertilizer blending plants planned to be opened in Ethiopia.
The factory is financed with the USAID grant of 1.2 million birr and 30pc contribution of Becho-Wolliso Farmers Cooperative Union also has support of Agriculural Transformation Agency.
Publication: The Ethiopian Herald Wednesday June 4, 2014
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