The Nigerian multinational industrial conglomerate owned by the Nigerian business tycoon Aliko Dangote, Dangote Group, disclosed it will double its investment in Ethiopia. Dangote made the announcement on Thursday, January 4, 2018, after holding a meeting with Ethiopia’s Prime Minister, Hailemariam Dessalegn.
Add a comment Add a commentEthiopia’s Prime Minister has appointed a new board chairman for Metals and Engineering Corporation (MeTEC), Demeke Mekonnen. Deputy Prime Minister. Demeke replaced Siraj Fergessa, Minister of Defense.
Add a comment Add a commentOmo Kuraz II, part of the Omo Kuraz sugar development project being undertaken by the Government of Ethiopia, has commenced regular production. It was after conducting a successful trial production starting from March that the company shifted to regular production with only half of its installed capacity.
Add a comment Add a commentEthiopian Roads Authority (ERA) disclosed it intends to implement 80 different road projects during the current fiscal year. These projects are planned to be executed at an outlay of 46 billion Birr.
Add a comment Add a commentDalol Bank SC (under establishment) is subscribing shares by public offering to become the newest entrant to Ethiopia’s banking industry. The company has issued shares with 1,000 par value with the minimum number of shares an individual can buy being 25.
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