Latest News in Brief


Ethio-Djibouti Asphalt Road almost Complete

The Ethiopian Roads Authority (ERA) Announced 93pc completion of Ethio-Djibouti asphalt road.

The project is fully financed by the Ethiopian government and constructed by a Chinese company, CZJZEC, says Samson Wondimu, communication director of the Authority. The road is constructed in four phases connecting Afar Regional State with the Djibouti port. The project is expected to facilitate import export trade of the northern port of Ethiopia due to the fact that it cuts the previous road distance of that part of the country to the port. The road will be fully operational in November 2014.

Publication: The Ethiopian Herald, September 2, 2014.


Robe-Goba Airport Resumes operation

The Ethiopian Airport Enterprise (EAE) announced the resumption of its operation of Robe-Goba Airport, Oromia Region Bale Zone, on September 1, 2014.

The airport has undergone repairers with 11 million Br investments and it is planned that upgrade it to asphalt level. The opening of the airport has raised the number of Airports the Enterprise Administers to 22. It is also planned to have four flights per week. The airport has the capacity to accommodate 80 passengers at a time.

Publication: Addis Zemen, September 2, 2014.


Chinese Company to Invest $500 million

Chiang Liang, A Chinese company announced its plan to construct a textile factory with half a billion dollar investment at Lemi.

Upon finalization, the factory is expected to create 20 to 30 thousand employment opportunities. The government of Ethiopia is committed to construct infrastructures to the project sight, says President Mulatu Teshome.

Mr. Kong xiang, chairman of the board of the company stated that they have done feasibility study in many countries in Africa and finally chose Ethiopia for security and availability of human resource.

Publication: Addis Zemen, September 3, 2014.


Ethiopian Commences New Route to Madrid

The Ethiopian Airlines Commences flight to Spain, Madrid, on September 2, 2014. Madrid is its tenth destination in Europe and eighty-third destinations globally with three flights per week. The commencement of the flight to Madrid which is the political, economic and financial hub of Spain and the third largest city in Europe could foster the interconnectedness of Africa in general and Ethiopia in particular with the whole Europe.

Ethiopian is established in 1945 and is the prominent player in the pan-African passenger and Cargo international flight network.

Publication: The Ethiopian Herald, September 3, 2014.


The WB Commits $5 Billion for Energy

The World Bank Group (WBG) commits five billion dollar for energy development in the Sub-Saharan Africa. The package is planned to benefit African Courtiers who have partnered with the Power Africa Initiative. Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania are among the countries who will take the lion’s share of the fund.

In June 2014, the WBG has sought consultants to prepare study for hydropower development in the region to assess its role and elaborate a strategic plan for hydropower generation in the region.

Publication: The Ethiopian Herald, August 28, 2014.

Published on September 7, 2014 [ Vol 15 ,No 749]



With a reformist administration in charge of the executive, there has b...


The new electricity tariffs that became effective on December 1, 2018,...


Who it is that midwifed the rapprochement between E...


Egyptian companies are about to sue the federal government over their i...


A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


The future is bleak. Millennials and younger generations who will inher...

View From Arada

There is heated debate on the propriety, decency and morality of breast...

Business Indicators


Editors Pick