IFC (International Finance Corporation) is investing up to €50 million in Habesha Breweries S.C. The investment aims to help the company expand operations in Ethiopia, and increase local barley sourcing from smallholder farmers.
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Ethiopia launched its first satellite into space on Friday, 20th December 2019. The launch of the Ethiopian Remote Sensing Satellite took place at a space station in China, while Ethiopian and Chinese officials and scientists gathered at the Entoto Observatory and Research Center on the outskirts of Ethiopia's capital Addis Ababa, to watch a live broadcast.
The IMF approved a program for Ethiopia of almost $3 billion. The program, the IMF said, is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth.
Add a comment Add a commentThe Ethiopian Parliament's Standing Committee on Natural Resource, Irrigation and Energy Affairs reported the Grand Ethiopian Renaissance Dam (GERD) on the Nile is on "good standing". The Standing Committee made the remark after visiting the status of the project.
Add a comment Add a commentEthiopia is finalizing the construction of infrastructures so it can make use of potash resources of the Dallol Depression in the Afar region in the north-eastern part of the country, it was reported.
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