2merkato

Samsung electronics is to launch e-learning technology for Ethiopian elementary schools in association with the Ministry of Education.

The electronics company is in the process of conducting a survey of the elementary curriculum to integrate it with its Smart Education Environment technology. The interactive e-learning technology has an estimated 25% coverage in Africa it was said.

The smart school solution is one the best developed technology on offer from Samsung according to Tadewos Awel, Country Manager of Samsung East Africa.

The castor seed development project initiated by Agropeace plc has launched a full scale plantation on six hectares of land according to sources. The agro investment company established by six Israeli investors aims to produce export quality seeds in three month cycles.

Agropeace has been conducting a pilot for the project in Somali Region within local communities for the past four years. The pilot project involved testing a variety of castor seed types with 46 people representing 22 households in the community taking part in the project said Anteneh Gelaye, Chief Operation Manger for the Pilot Project.

The Ethiopian Ministry of Mines is in the process of facilitating visas for the Tullow drilling crew that will oversee the launch of drilling processes by the company in January. The crew is expected to be composed of 20 primarily Polish experts.

Tullow is preparing to launch drilling activity on its concession in the Southern Omo Valley according to its tentative program said Sinkensh Ejigu, State Minister for Mines.

The schedule set for drilling may be changed if the visa processes prove to take longer than expected she said.

The official representatives of the Coca Cola Company in Ethiopia the East African Bottling Company has received land from the Bahir Dar city government to construct its plant in Ethiopia. The project is expected to cost a total of 800 million Ethiopian birr.

It is expected that construction work on the plant at Bahir Dar will begin early next year and is to be completed in a year. The site for the new plant was selected after a survey conducted by a team from South Africa which studied the availability of drainage. Links to the road network in the area and access to water supplies according to sources.

East African Bottling has signed an agreement for the construction of the plant with Elmo-Olindo a construction company previously engaged for rehabilitation and expansion efforts undertaken by the Coca Cola producer.

The revenue earned from gold exports in the first quarter of the Ethiopian fiscal year is lower than anticipated according to a report from the Ministry of Mines. Gold exports were affected by lower than projected production by traditional miners and MIDROC holding on to 90% of its production over the period in anticipation of better prices.

The Ministry of Mines had anticipated 61 million US dollars in revenue from 1361.3 kilograms of gold to be produced by the Legedembi mine operated by MIDROC. The mine has an estimated annual production of 4500 kilograms of gold and 1195 kilograms were produced in the first quarter but the company sold just 10.8% of this production due to unfavorable pricing on the market it was said. 

The 8th African Development Forum is to be held in the Ethiopian capital, Addis Ababa. The ADF-VIII conference will be held from the 23rd to the 25th of October under the theme of ‘Governing and Harnessing Natural Resources for Africa's Development.’

The forum is a biennial event established in 1999 to serve as a platform for multi-stakeholder discussion, debate, and for initiating strategies towards the development of Africa.

The forum is a cooperative effort of the African Development Bank, the African Union Commission and other partners in an effort to establish an African-driven development agenda reflecting consensus and leading to specific programs.

The rate of Indian investment in Ethiopia is increasing due to the ideal investment environment in the country. Successful Indian investors in Ethiopia are inviting others to join them said the Ethiopian Embassy in Ethiopia.

There are many Indian investors in Ethiopia engaged in investment projects such as agriculture, leather processing, agro-processing, mining and steel processing said Genet Zewede, Ethiopian Ambassdor to Ethiopia.

Four more Indian investors have been licensed to engage in sugar manufacturing, garment, cotton and denim production between the months of July and September she said.

Investment by Indian business people has also included investment in large scale commercial farms with more land given to investors from India than any other foreign investors.

Ethiopian and the World Bank Signed two loan agreements worth 1.15 billion US dollars to support the transport sector and the Promotion of Basic Services Phase III project.

The bank released the interest free credit totaling 1.15 billion US dollars on the basis of the Country Partnership Strategy which the bank approved recently.

The loan is particular targeted towards enhancing the access of services to poor people and to enhance the infrastructural development plans noted the statement.

The Kassem Dam project is near to completion according to the Water Works Design and Supervision Enterprise. The project launched at a total cost of 2.5 billion birr is expected to finalize in November.

Eight-five percent of the construction project has already been finalized with the last stage of the project began seven years underway according to Ashnafi Yelekal, Engineer Manager with the Kessem Dam and Irrigation Project.

The dam which is expected to have the potential to retain more than 500 million cubic meters of water that can cultivate more than 20 thousand hectares of land can currently cultivate 1500 hectares of land said Ashnafi.

The Dam construction project is being undertaken by the Water Works Construction Enterprise. The dam is expected to be the biggest dam to be constructed by the enterprise. The project has created job opportunities for the local community.

Source: ENA

The revenue Ethiopia earned from the export of industrial products increased significantly in the last three years according to the Ministry of Trade.

The revenue earned from the export of industrial products in the last financial year was 22.8 higher (255.45 million US dollars) than what had been earned in the previous fiscal period (207.92 million US dollars) according to Melaku Taye, Director of Corporate Communication Directorate with the MoT.

Industrial exports had shown an increase of more than 75% in the previous two financial periods said Melaku.