EIB Opens Office in Ethiopia
European Investment Bank (EIB) opened its representative office on Thursday, July 16, 2015, in Ethiopia, the Reuters reported.
EIB-Led Group to Finance Ethiopia’s Water Infrastructure
The European Investment Bank, France and Italy will jointly lend Ethiopia 81.4 million Euros ($90 million) to assist the country to improve its water infrastructure, Bloomberg reported.
Eight Companies Ink 6Bn Birr Coal Mining Project Agreements with Ethiopia's Mines Ministry
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.
Eight Industrial Parks to Begin Operation in Ethiopia
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 to Become Operational in Ethiopia
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.
