Kuwait Fund promised to support ongoing road construction and water provision projects in Ethiopia. It has also pledged to support the expansion project at the Addis Ababa Bole International Airport.
Abebe Abebayehu, Commissioner of Ethiopian Investment Commission (EIC) said many labor-intensive foreign companies are showing interest to work in Ethiopia.
Production to start in 2014
Lalibela Cement Factory, which is currently selling shares, is planning to start construction in June 2012 in Dejen, on 3,000 hectares of land.
The factory will produce 1.2 million tonnes of Ordinary Portland Cement and Portland Pozzolana Cement annually when it begins fully fledged production in 2014.
Lamudi, the global property marketplace, opened office in Ethiopia, Capital reported.
Lawmakers are scheduled to vote next on 5 July 2011 on the proposed 39 percent increase in the budget for projects targeting the improvement of food security and infrastructure programs, an official of the Ministry of Finance said.
