The Ethiopian government has allocated Birr 45 billion to implement ten new initiatives aimed at strengthening the mining sector and increasing foreign currency earnings, the Ministry of Mines announced.
Ethiopia’s government is said to have allocated 1,600 megawatt for industrial parks found in its territory. This is in the aim of industrializing Ethiopia and in the long run to make the nation Africa’s light manufacturing hub.
Today, the Asian Infrastructure Investment Bank (AIIB) announced that its Board of Governors has adopted resolutions approving 13 applicants to join the Bank, bringing the Bank’s total approved membership to 70. This is the first time AIIB has welcomed new prospective members to the Bank since its inception. The approved applicants include five regional and eight non-regional prospective members.
In the aim of boosting investment cooperation and establishing industrial parks, Ethiopia and 2 companies from Jiangsu Province, China, signed Memorandum of Understandings (MoUs) on June 1, 2015.
Algeria and Ethiopia concluded three cooperation agreements in the capital of Algeria, Algiers, on Sunday, March 15, 2015.
