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Ethiopia announced that it would build two more dams along its share of the Nile, six months after launching the construction of a 5,250 megawatt power plant on the river.

Ethiopia aims to produce 20,000 megawatts of power within the next ten years, part of a plan to spend 12 billion dollars over 25 years to raise power generating capability.

According to Reuters, officials estimate that the country has the potential to produce about 45,000 megawatt of electricity.

Ethiopia has issued a new international tender for the supply of 35,000 tons of milling wheat according to traders in Europe.

The deadline to offer bids for the invitation is the 29th of March. The tender did not specify the origin of the wheat but shipping is requested by the 7th of May said the traders.

Ethiopia is in the process of evaluating a previous tender for a similar purchase of 35,000 tons of wheat, which closed on the 15th of March. The deadline for the bids was extended at that time explained traders.

The purchase of the milling wheat tendered is being financed by international aid agencies in both instances according to the European Traders.

Source: Reuters

Ethiopia plans to export 206 million dollars worth of leather products in the current fiscal year.

That is almost double the income the country received last year, when it made 104.1 million dollars from leather.

The Leather Industry Development Institute (LIDI) is going to make 54,000 pairs of shoes a day, up by 35,000 pairs than its current production.

Ethiopia achieved 73 percent of its target from the export of leather in the fiscal year to 8 July 2011, Wondu Legesse, director general of the institute, said.

Ethiopian Diaspora’s Day is to be celebrated in August 2015 for the first time in the history of the country under the theme “Diaspora our Renaissance partners”, Ministry of Foreign Affairs disclosed.

Ethiopian Power Engineering Industry (EPEI) said Ethiopia is to start manufacturing automobiles and military hardware.