Ethiopia: Number of Investors Grew by Threefold
Ministry of Foreign Affairs disclosed number of investors interested in starting business as well as investing in Ethiopia has shot by threefold in the past two years.
Ethiopia: Nyala Insurance’s Profit on the Decline
Nyala Insurance S.C., one of the privately owned insurance firms in Ethiopia, declared a gross profit of 77 million Birr for 2015/2016 fiscal year. The performance is 24.2 percent lower than the preceding fiscal year.
Ethiopia: Nyota Sold Out Tulu Kapi to KEFI
KEFI Minerals announced it bought out Tulu Kapi license in Ethiopia from Nyota Minerals for 1.5 Million Euro in cash and shares. KEFI had already bought 75 percent earlier and now it has acquired the rest 25%
Ethiopia: Nyota's License Got Slashed
Nyota Minerals disclosed a significant reduction in renewed license has been made by the Ministry of Mines with regard to the miner’s gold exploration concession in western Ethiopia.
Ethiopia: Oda Solar Power Project Inaugurated in Oromia
The Oda Solar Power Project, a 370-kilowatt solar energy facility built at a cost of Birr 195 million, was officially inaugurated in Medewelabu Woreda, East Borena Zone, Oromia Regional State.
