Nexara

The South West Ethiopia Peoples’ Regional State’s Mining and Energy Development Agency has revoked the licenses of 32 gold mining producers in the region during the current fiscal year. The decision follows a monitoring and inspection process that identified poor performance among several licensed operators. According to Ato Gebremariam Setegn, Director General of the agency, …

Southwest Ethiopia Peoples’ Regional State Revokes 32 Gold Mining Licenses Read More »

The Ethiopian Shipping and Logistics (ESL) has officially launched the re-construction of the Kality Dry Port and Terminal following the signing of an agreement with the Ethiopian Engineering Corporation. The agreement was signed by ESL CEO Beriso Amelo (PhD) and Ethiopian Engineering Corporation CEO Shimelis Eshetu. Speaking at the ceremony, Dr. Beriso highlighted that the …

Ethiopia Expands Maritime Sector with New Cargo Ships and Launches Kality Dry Port Re-Construction Read More »

Prime Minister Abiy Ahmed, along with Deputy Prime Minister Temesgen Tiruneh and the region’s President, Shimeles Abdissa, toured the Keegna Beverage Industry, which is set to commence operations in the coming weeks with a production capacity of 3 million hectoliters. They also visited a model kebele in Ambo Woreda, part of the region’s largest devolution …

PM Abiy Keegna Beverage Industry Read More »

Japanese companies have expressed their interests to take the advantage of investment opportunities in Ethiopia with a special focus on the energy and cosmetics sectors. In a recent meeting at the Ethiopian Embassy in Tokyo, Fiseha Yitagesu, CEO of the Ethiopian Industrial Parks Development Corporation, provided a detailed briefing on Ethiopia’s favorable investment climate to …

Japanese Companies Express Interest in Investing in Ethiopia Read More »

Ethiopian Electric Power (EEP) has announced that it has generated more than USD 61 million from the sale of electricity to neighboring countries over the past six months while undertaking infrastructure upgrades to enhance power supply reliability. According to Moges Mekonnen, EEP’s communications director, the company remains committed to power generation and supplying electricity both …

Ethiopia Earns Over USD 61 Million from Electricity Exports Read More »

The Oromia Regional State Industrial Parks Development Corporation has announced that 10 investors will begin production at the Bulbula Integrated Agro Industrial Park by the end of the fiscal year. The corporation also confirmed that the park’s infrastructure is now fully developed, allowing for large-scale investor engagement. Oromia Industrial Parks Development Corporation CEO Senait Mebre …

Ethiopia: Bulbula Agro Industrial Park Welcomes New Investors as Oromia Expands Industrial Development Read More »

A Memorandum of Understanding (MoU) that enables the Ministry of Tourism, Ethiopian Immigration and Citizenship Service, and Ethiopian Airlines to work on stop over tourism was signed on Tuesday. Tourism Minister Selamawit Kassa, Ethiopian Immigration and Citizenship Service Director-General Selamawit Dawit, and Ethiopian Airlines CEO Mesfin Tasew inked the MoU. Speaking during the signing ceremony, …

Memorandum of Understanding on Stop over Tourism Signed  Read More »

The Ethiopian Railway Corporation and the Korea Railroad Corporation (KORAIL) have signed a Memorandum of Understanding which aims at improving the overall efficiency and reliability of Ethiopian rail services. At the signing ceremony, Ethiopian Railway Corporation CEO Helina Belachew said the signing of the Memorandum of Understanding represents an important milestone in strengthening the cooperation …

Ethiopian, Korea Railroad Corporations Sign MoU on Improving Efficiency of Ethiopia’s Rail Services Read More »

 Ethiopia’s ability to plug into African Continental Free Trade Area (AfCFTA) positions it a gateway for Kenya to the broader North Africa, Kenya Association of Manufacturers (KAM) CEO Tobias Alando said. Addressing the Ethio-Kenya Business Conference held in Addis Ababa on Tuesday, Alando said Kenya and Ethiopia “can work jointly to even access other countries …

Ethiopia gateway for Kenya to broader North Africa: CEO of Kenya Assn. of Manufacturers Read More »

Ethio Engineering Group (EEG) has launched electric scooter production at its Bishoftu Automotive Manufacturing Industry, marking a major step toward sustainable urban mobility in Ethiopia. EEG’s social media team announced today that the initiative reflects Ethiopia’s push for eco-friendly transportation solutions. The production agreement was signed today between EEG CEO Ambassador Suleiman Dedefo and Mr. …

Ethio Engineering Group begins electric scooter production in Bishoftu Read More »