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Safaricom-Led Consortium to Begin Ethiopia Operations in 2022

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Category: Latest Business Alerts

ahmed-shide-with-safaricom-ceoPeter Ndegwa, CEO of Safaricom, said the Global Partnership for Ethiopia, a consortium of telecom service providers led by Safaricom, will begin operations in Ethiopia in 2022. Mr. Ndegwa made the remark during his meeting with Ahmed Shide, Ethiopia's Minister of Finance, according to the Ministry.

Last Updated on 03 September 2021
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Sale of Grand Renaissance Dam, Ethiopia Bonds Exceeds Expectation

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Category: Banking and Finance

The Development Bank of Ethiopia announced selling more than the projected amount of Grand Renaissance Dam bonds in the last two quarters according to the bank’s six month report. 

The bank has estimated selling 600 million birr worth of bonds for the Grand Renaissance Dam in the last six months but actual sales exceeded one billion birr. The Development bank aims to sale 1.5 billion birr worth of Grand Renaissance Dam bonds in the current fiscal year.

Last Updated on 14 August 2013
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Salini Completes RCC Placement at Gibe III Power Plant

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Category: Latest Business Alerts

Salini, the Italian construction company, announced that it has completed placing roller compacted concrete (RCC) at the Ethiopian grand power generation project, Gibe III.

Last Updated on 03 November 2015
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Salini Expresses Interest in Constructing HQ for Ethiopian Bank

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Category: Construction, Steel and Cement

Salini Construction Spa has expressed interest in constructing the headquarters of the Commercial Bank of Ethiopia.

The Italian construction company responded to a call for interest in the design and construction of the 52 storey building. Twenty other international bidders also expressed interest in the project.

In 2009 Commercial Bank awarded the design to Universal Consultants partnering with Henn Architekten a German company. Various challenges resulted in this deal failing to materialize.

Three months ago the bank issued another invitation for consultancy services to handle the design modification and supervision.

Last Updated on 14 August 2013
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Salt Deposits Discovered in Ethiopia

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Category: Energy and Mining

Ethiopia has significant salt deposits according to studies conducted at various times said the Ministry of Mines. The resources are estimated to be sufficient for more than 100 years said the ministry.

The studies conducted show that the salt resources are to  be found in parts of Afar and Somali regional states explained Bacha Fuji, Director of the Public Relations Directorate of the Ministry. The Dalol area in Afar Regional State is particularly notable for large salt reserves he said.

Efforts are underway to begin salt exports to generate foreign currency from the sector noted Bacha. Four companies currently engaged in salt production secured more than 30 million US dollars from the export of salt in the just concluded fiscal year he added. 

Last Updated on 14 August 2013
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