The European Union concluded a US$287.26 million development grant agreement with the Ethiopian government on Monday November 25, 2013, Reuters reported.
The grant will be used to finance road construction and projects focusing on maternal health and drought resilience.
Add a comment Add a comment
Ethiopian Airlines has selected Rockwell Collins to provide the full suite of avionics equipment for its new and growing fleet of Boeing 777s, which currently includes 10 aircraft. The selection includes Rockwell Collins’ MultiScan™ Threat Detection System, GLU-925 Multi-Mode Receiver (MMR), Traffic Alert and Collision Avoidance System (TCAS II) and SATCOM.
Prices for sesame and white pea beans at the Ethiopian Commodity Exchange (ECX) have jumped 25 percent and 35.7 percent, respectively, in the past two weeks, Fortune reported.
Sesame exporters attribute the price hike to rumors of shortage of the commodities in the international market, according to Fortune.
Add a comment Add a commentThe Ethiopian House of Peoples Representatives passed a new proclamation that encourages private sector involvement in the energy sector, according to The Reporter.
The new proclamation also reestablishes the former Ethiopian Electric Agency as the Ethiopian Energy Authority. The law was passed on Tuesday 19 November, 2013 by the House of Peoples’ Representatives (HPR).
Add a comment Add a commentPublic enterprises administered by the Ethiopian Privatization and Public Enterprises Supervisory Agency earned US$8.1 million revenue from exports during the first quarter of the current Ethiopian fiscal year, the Agency said.
Add a comment Add a comment
