Ethiopia

General Electric appoints seasoned marketer Selam Amare to head Ethiopia operations

November 12, 2019

ETHIOPIA – American multinational conglomerate with projects in Healthcare, Aviation and Power, General Electric (GE) has announced the appointment of Selam Amare as the Country Leader for Ethiopia. In her new role, Selam will oversee GE’s operations in the country and strengthen our businesses presence in the market, the company said in a press statement. […]

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Ethiopia to import oil from South Sudan to substitute Middle East supplies

November 6, 2019

ETHIOPIA – Ethiopia will soon start importing cheaper refined oil from South Sudan to substitute the more expensive product from the Middle East. Koang Tutlam, Ethiopia’s State minister for Mines and Petroleum, announced on Wednesday that this will save Addis Ababa 15 per cent to 20 per cent on the US$3.4 billion it spends importing […]

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Horn of Africa countries launch US$15bn regional initiative for closer economic ties

November 5, 2019

AFRICA – Five Horn of Africa countries; Kenya, Ethiopia, Djibouti, Eritrea and Somalia, have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on […]

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IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to Boost Local Malt Production

November 3, 2019

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethiopia. The greenfield investment will help Soufflet Malt Ethiopia, a subsidiary […]

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Ethiopia partners with Russia to develop nuclear energy for peaceful industries

October 31, 2019

ETHIOPIA – Ethiopia through its Ministry of Innovation and Technology has in October this year signed an accord with state owned Rosatom Nuclear Energy Corporation to develop nuclear energy for peaceful industry. The intergovernmental agreement was signed in Sochi, Russia at the sidelines of the Russia-Africa Economic Forum, and will see the two parties cooperate […]

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Tulu Moye Geothermal partners with Kenya’s KenGen to give Ethiopia its first Geothermal Power plant

October 31, 2019

ETHIOPIA – Independent power producing company, Tulu Moye Geothermal (TMGO) has partnered with Kenya’s power generating company KenGen to build a geothermal power plant with an installed generation capacity of 150 MW. The company has been undertaking various geological studies in the past several years and plans to build its power plant in Arsi zone, […]

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Law firm Bowmans expands into Mauritius and Ethiopia to unlock new opportunities

October 25, 2019

AFRICA – Bowmans, an African lawfirm has expanded into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent. Bowmans will open the two offices via combination with a Mauritian law firm FirmWise and an alliance with Ethiopian firm Aman Assefa & Associates Law Office. Robert Legh, […]

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Cisco appoints Sally Kimeu Country Leader for Kenya and Regional Manager East Africa

October 24, 2019

EAST AFRICA – Networking corporation Cisco has appointed Sally Kimeu as the new Country Leader and Regional Manager for East Africa. She will be tasked with inspiring sales and market expansion in the organization. Clayton Naidoo, General Manager, Cisco Sub Saharan Africa, said; “Cisco has longstanding culture of incubating our own talent and Sally’s appointment […]

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France’s Eutelsat enters race for Ethiopia’s telecom sector

October 23, 2019

ETHIOPIA – European Satelite Operator, Eutelsat (European Organization of Telecommunications by Satellite S.A.) has expressed its interest to join the Ethiopian telecommunications sector. The decision by Eutelsat was informed by the government’s decision to liberalize the telecommunication industry which has for a long time been a monopoly of state-run telecoms operator, Ethiotelecom.   Managing director […]

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Chinese textile manufacturer inaugurates US$220m manufacturing plant in Ethiopia

October 23, 2019

ETHIOPIA – Chinese textile manufacturing giant, Wuxi No. 1 Cotton Textile PLC, has inaugurated its US$220 million textile manufacturing plant in Ethiopia. The factory is in Ethiopia’s eastern Dire Dawa City, at a strategic location that is adjacent to a major crossing point of the Chinese-built Ethiopia-Djibouti Standard Gauge Railway therefore making it easier for […]

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