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.
Ethiopia Nears Completion of First Locally Built Eco-Tourism Railway Project
The Ethiopian Railways Corporation (ERC) announced that the country’s first eco-tourism railway project has reached its final construction phase, marking a milestone in Ethiopia’s railway and tourism development.
Ethiopia Needs Three Years to Develop Petroleum Resource
Three more years are needed to develop petroleum resources located in Ogaden area, the Ministry of Mines, Petroleum and Natural Gas announces.
Petroleum Licensing and Administration Director at the ministry, Ketsela Tadesse, has said that the additional three years are required to address activities that “need to be done before entering into the production process.” He has further elaborated that hundreds of additional wells need to be drilled and various infrastructure facilities should also be put in place before the petroleum development could be in full swing.
Ethiopia Negotiating to Join WTO
Ethiopia resumes talks to join WTO (the World Trade Organization) after eight years.
