Tender floated for Hawassa Industrial Park factory shed failed to attract any offer after only 9 companies bought the bid documents. Following this, Ethiopian Industrial Parks Development Corporation (IPDC) announced it would float the tender again which in the first place was only for local investors.
Add a comment Add a commentStella Trade and Industry PLC is granted large-scale gold mining license to mine in Gambella State, Ethiopia. This makes Stella the first company to extract gold in Gambella.
According to Ethiopia Extractive Industries Transparency Initiative (EEITI) publication, currently there are more than 80 companies exploring for gold in Ethiopia. Nonetheless, it is only 4 companies that have been granted extraction license.
Add a comment Add a commentAmhara State of Ethiopia targets to harvest more than 2 million quintals of crop during the belg season. The announcement was made by the State’s Agriculture Bureau.
Commenting on the issue, Solomon Kumlachew, crop production expert at the Bureau, said around 253 thousand square meters of land is expected to be cultivated during the season. Thus far half of this land is covered with crop, he added.
Add a comment Add a commentEgyptAir opened their second office in the capital of Ethiopia, Addis Ababa. The office is situated in the premises of the African union (AU) headquarters.
The office is said to render different services including for tourists as well as flight ticket booking.
Add a comment Add a commentEthiopia and Hungary concluded a Memorandum of Understanding (MoU) in the aim of boosting their economic cooperation.
The MoU focused on avoidance of double taxation, mutual protection of investment and waiver of diplomatic and service visas.
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