Ethiopian Insurers Association members have agreed to establish their own reinsurance firm. The decision by the association is made after the promulgation of a new directive, Directive No. SBB/1/2014, by the National Bank of Ethiopia to allow the formation of reinsurance companies in Ethiopia.
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Kuriftu Resort and Spa will inaugurate in two months time its new 15 Million Birr lakeside restaurant, Fortune reported. The restaurant is built on the shores of Lake Tana and on the left of the main Kuriftu Resort.
The Ethiopian government is to exert pressure on mining companies following the dropping of gold’s price in the international market. The government is planning to force both local and international companies that are engaged in exploring gold to start production.
Add a comment Add a commentA new airport was built in Jimma Town by the Ethiopian Airports Enterprise, The Reporter reported The airport was built at a cost of 490 Million Birr and named after Jimma’s prominent leader Abba JIffar.
Add a comment Add a commentTwo Ethiopian public enterprises drew bids out of the for nine state owned enterprises offered for privatization by the Privatization and Public Enterprises Supervising Agency (PPESA) on its fourth round tender for the year, Fortune reported.
Add a comment Add a commentTigray Resources Inc., a Canadian mining firm working in Ethiopia has announced that it has found gold and copper in the Tigray State, according to The Reporter. The company said it found the minerals on its second phase drilling and after it completed a 1117 meters drilling.
Add a comment Add a commentPrime Minister Haile Marial Dessalegn presented the nine months government performance report on Thursday, April 24, 2014 to the Ethiopian Parliament. His report, he has stressed the manufacturing and export sectors should improve their performances.
Add a comment Add a commentThe Oromia Regional State has collected more than 484.5 Million Birr from tourism in the past nine months of the current fiscal year, Walta Information Center reported.
Add a comment Add a commentOn Friday, April 25, 2014 Ethiopia marked the International Intellectual Property Day, The Ethiopian Herald reported.
Add a comment Add a commentMinistry of Mines has disclosed that Ethiopia secured 300 million dollar revenue in the last nine months from the export of minerals.
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