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National Cement S.C (NCSC), located in Dire Dawa, Ethiopia, has started exporting cement to neighboring Djibouti and Somaliland.

National Cement, the previously state owned Dire Dawa Cement Factory, commenced export after it began production with its full capacity following completion of   expansion at a cost of 2 billion Ethiopian birr. Add a comment Add a comment

Chinese banks have expressed interest to further their involvement in infrastructure development and other investment activities in Ethiopia.

Ethiopian Prime Minister Hailemariam Desalegn has held discussion with executives of the Chinese banks in Beijing during his visit to China last week. Export Import Bank of China and Development banks of China have so far provided USD 6 billion and USD 1.6 billion respectively for Ethiopia in grant and loans. Add a comment Add a comment

The Export-Import Bank of India has provided USD 300 million loan to the Ethiopian Government railway project. The loan term entail concessional funds at an interest rate of 1.75 per cent.

The fund will be used to construct the railway project to connect the Ethiopian city of Asaita to the port city of Tadjourah in Djibouti. About 50 km of the 210-km long railway will be in Djibouti, while the rest of it lies in Ethiopia.

The Citizens’ Network for Foreign Affairs (CNFA), a program under the the United States Agency for International Development (USAID) is to finance Farmers’ Service Centers, a network of centers offering training and advice to more than 30,000 Ethiopian farmers in Oromia Regional State of Ethiopia.

The Oromia Bureau of Agriculture head, Abebe Diriba, praised the Ethiopian government's agricultural development policies and pointed out that work is now being done to encourage the private sector to invest in better quality seeds and chemicals. Add a comment Add a comment

The Addis Ababa and the Surrounding Oromia Integrated Development Plan Project Office has drafted a plan for a new airport site on the  western outskirts of Addis Ababa in the Oromia Special zone.

Fetuma Lemessa, Deputy Manager of the Addis Ababa and the Surrounding Oromia Integrated Development Plan Project Office, told Capital that based on the plan, the town of Teji, about 30km west of Addis Ababa on the road to Jimma is the proposed site for the location of the new airport.

The 6th ICT Exhibition, Bazaar and Conference opened on June 6, 2013 in Addis Ababa, Ethiopia. This year's theme of the event was “ICT for Sustainable Development”.

The exhibition and conference is organized aiming to increase the public’s awareness about ICT and its applications at grassroots level so as to accelerate growth, says Birhane Keleta, Director of the Directorate of Private Sector ICT Development with the Ethiopian Ministry of Communication and Information Technology (MoCIT). Add a comment Add a comment

The government of Netherlands is to assist Ethiopia to become competitive in the global sesame market by supporting ongoing efforts in Amhara and Tigray regional States.

The Dutch government has allocated 1.9 million Euros for implementation of projects in sesame growing areas of the regional states for the coming three years. Add a comment Add a comment

Ethiopia and Japan signed grant agreements amounting to 1.5 billion Ethiopian Birr  Monday, June 10, 2013, in Addis Ababa.

Ethiopia's Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the agreement. Add a comment Add a comment

The Turkish State Railways (TCDD) has agreed to assist Ethiopia in technology transfer, restructuring its railways system and to give training to its personnel.

Ethiopia has asked for assistance from TCDD via the Turkish Cooperation and Development Agency (TIKA) in order to reactivate its railways between the capital Addis Ababa and Djibouti, which has been stopped since 1997.

Ethiopian Roads Authority last week signed agreement with two Chinese construction companies to upgrade the Kombolcha-Bati road to asphalt concrete level. The 133 KM road project is estimated to cost the Authority close to 2.8 billion Ethiopian birr.

Construction of the road, which is scheduled to be completed in three years time will be fully financed with a fund secured from the World Bank. Add a comment Add a comment