Japan Tobacco International paid 510 million USD for the purchase it made for the 40 percent stake it acquired in the National Tobacco Enterprise (NTE). The payment was made for Ethiopia’s government on July 15, 2016.
Add a comment Add a commentEthiopia’s Information Network Security Agency (INSA) disclosed it has commenced an integrated cyber-security solution for banks. The system is said to protect banks from cyber-attacks.
Add a comment Add a commentThe Chinese telecom company ZTE concluded installation work for 1,234 kilometers of optical ground wire, also known as OPGW lines, in Ethiopia. The contract for the installation, which was worth 37 million USD, was signed on May 2013 between the Chinese telecom giant and Ethiopian Electric Power.
Add a comment Add a commentThe African Development Bank has approved a USD 104 million loan to the Government of Ethiopia for a project which will sustainably extend power to industries, small businesses to enhance job creation and improve access to basic services in the country’s Tigray and Afar regions.
Add a comment Add a commentThe New York and London based Fitch Rating projected Ethiopia’s economic performance for the coming year. Fitch in its report underlined the increasing debt risks from public enterprises.
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