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Ethiopia Promoted Investment Opportunities to Turkish Businesspeople

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Published on 25 June 2014
Category: Latest Business Alerts

Ministry of Foreign Affairs announced Ethiopia’s Embassy to Turkey conducted an investment forum at Kony, an industrial city of the country, with Turkish business tycoons.

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Ethiopia Anticipates U.S $ 47.48 Million from Meat Export During Ramadan

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Published on 25 June 2014
Category: Latest Business Alerts

Ethiopia is planning to earn U.S $ 47.48 Million during the holy fasting Ramadan month, from the export of meat and animals. The export destinations are said to be the Middle East countries.

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Report Indicated Ethiopia Attracted U.S $ 953 Million FDI in 2013

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Published on 25 June 2014
Category: Latest Business Alerts

United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, which was released on Wednesday, June 24, 2014, has shown Foreign Direct Investment (FDI) which flowed to Ethiopia by the year 2013 has reached U.S $ 953 Million. The report is dubbed ‘Investing in the Sustainable Development Goals’.

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New Mining Bill For Ethiopia on the Way

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Published on 24 June 2014
Category: Latest Business Alerts

Ministry of Mines has announced it is working on a new bill that will force mining companies to become more transparent.

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Messebo Shifting to Biomass for Energy

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Published on 24 June 2014
Category: Latest Business Alerts

messeboMessebo Cement Factory is working to shift its energy source from coal and electricity to biomass.

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Two More Cement Factories for Ethiopia by October

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Published on 24 June 2014
Category: Latest Business Alerts

Chemicals and Construction Materials Development Institute announced two more cement factories will commence production in four months time. The factories are Ethio Cement and Dangote.

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Ethiopia and Djibouti Preparing Economic Integration Strategic Plan

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Published on 24 June 2014
Category: Latest Business Alerts

ethio djiboutiEthiopian Ambassador to Djibouti, Suleiman Dedefo, announced in a bid to build economic integration, preparation for mutual strategic plan is being carried out by Ethiopia and Djibouti.

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Ethiopia: Omo Kuraz –I to Start Production in October

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Published on 24 June 2014
Category: Latest Business Alerts

Project coordinator for Kuraz Sugar Development announced Omo Kuraz -I sugar factory will commence sugar production in two months time.

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Ethiopia: 220 Million Birr Profit for Water Works Design and Supervision Enterprise

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Published on 23 June 2014
Category: Latest Business Alerts

During the past 11 months Water Works Design and Supervision Enterprise (WWDSE) managed to secure a 220 Million Birr profit from its 42 projects.

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Ethiopian Secured a 50 Million Euros Loan

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Published on 23 June 2014
Category: Latest Business Alerts

ethiopian airlinesEthiopia’s flag carrier Ethiopian Airlines has concluded a loan agreement of 50 Million Euros with the Agence Française de Développement (AFD). The loan is going to used for financing the construction of the new state of the art cargo terminal.

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