Ethiopia’s Oil Import Bill to Decline by USD 600 Million
Ethiopia’s oil import bill for the current fiscal year is going to go down by USD 600 Million, which is an estimated 21 percent of the overall import bill.
Ethiopia’s Oldest Power Plant to Restart Production in Two Years
Aba Samuel Hydroelectric Power Plant, the oldest hydroelectric power plant in Ethiopia, is going to restart operation in two years time after 40 years.
Ethiopia’s Omo Kuraz Sugar Factory II to Go Operational by 2017
Ethiopia’s Omo Kuraz Sugar Factory II is planned to go operational by 2017, according to the report of Walta Information Center (WIC).
Ethiopia’s Parliament Approved 320.8 Billion Birr Budget
Ethiopia’s lower house, House of Peoples’ Representatives (HPR), approved budget of 320.8 Billion Birr budget for the 2017/2018 fiscal year. When compared to the previous fiscal year, the budget shows 16.9 percent (46.4 billion Birr) increase.
Ethiopia’s Pharmaceutical Industry Park Reaches 80% Completion Rate
Ethiopian Industrial Park Development Corporation (EIPDC) disclosed one of the industrial parks being built in Ethiopia, Kilinto Pharmaceutical Industrial Park, has reached 75 percent completion rate.
