Ethiopia's Ministry of Mines and Petroleum announced it has inked investment agreements with eight coal mining companies. The companies have a total registered capital of six billion birr for the projects.
The Ministry of Industry of Ethiopia (MoI) said about eight industrial parks that are being undertaken in main regional towns will become operational this Ethiopian budget year, Fana Broadcasting Corporate reported.
Eight new textile projects and expansion programs are expected to become operational in Ethiopia this fiscal year. The projects are scheduled for completion with a combined investment of over 4.4 billion birr.
Five of the projects underway are being newly constructed at a total estimated cost of 3.4 billion birr and are expected to employ 3000 people.
The remaining three projects are initiatives to expand existing plants at a total cost of more than a billion birr to offer employment for a further 1800 people.
The Ethiopian Intellectual Property Office is finalizing preparations to conduct the re-registration of trademarks. The re-registration will be conducted on the basis of the proclamation for the registration of trademarks according to Berhanu Adelo, Director General for the EIPO.
There are currently 14 thousand registered trademarks in Ethiopia with 7500 being international trademarks said Berhanu.
In related news Ethiopia has managed to trademark its fine coffee brands ‘Harar’, ‘Yirgachefee’ and ‘Sidama’ internationally he noted.
Ambassador Redwan Hussein, Ethiopia's State Minister of Foreign Affairs, held a discussion with Shell H. Choo, CEO of the Korean company EKOS STEEL Mill PLC. During their discussion, the CEO called for the government's continued support, and said his company is working with the Ethiopian embassy in Seoul to attract similar companies in Korea to invest in Ethiopia.
