Ethiopia Misses Export Targets
A report released by Ministry of Industry (MoI) on Tuesday, April 29, 2014 revealed Ethiopia has failed to meet its export revenue target for the manufacturing industry, Fortune reported.
Ethiopia Modernizing Meteorological Information System
Ethiopia is to put in place a more modern meteorological information system in the new budget year as part of efforts to support the social and economic development of the country according to the Ethiopian Meteorological Agency.
The agency is working to enhance the quality of the climatology information that it offers from the 93% it currently stands at said Fetene Teshome, Director General of the Agency.
The EMA is planning to upgrade 36 existing level four stations to level three and to install eight communication radios as well as refurbishing 20 major stations and installing one station to detect pollution he said.
Ethiopia Moves Forward with USD 10 Billion Bishoftu International Airport Project
The Ethiopian Airlines Group has appointed the African Development Bank (AfDB) as the mandated lead arranger to secure USD 8 billion in debt financing for the new Bishoftu International Airport, a USD 10 billion mega-project set to become Africa’s largest airport and a key global hub.
Ethiopia Moves to Install 4 Solar PV Projects
Ethiopia has opened a tender for four solar PV (photo-volataic) projects, the government announces.
Ethiopia Moves to Regulate Gemstone Trade Through ECX
Ethiopia is preparing to channel the trade of precious stones, including opals, sapphires, and emeralds, through the Ethiopian Commodity Exchange (ECX) in an effort to reduce smuggling and strengthen foreign exchange earnings. The Ministry of Mines is leading the initiative, drawing on the ECX model already used for major export commodities such as coffee and sesame.
