Ethiopia to Manufacture Lada Vehicles
Ethiopia's Ambassador to Russia, Cham Ugala Uriat, has made an announcement regarding the country's plans to manufacture Russian Lada cars specifically for the African market.
Ethiopia to Miss Economic Growth Target
Following the severe drought that hit Ethiopia, the country will not be able to meet its projected 11 % economic growth for the current fiscal year. It will expand only by between 7% and 10%.
Prime Minister Hailemariam Dessalegn noted, “The economy will continue to register growth, if not a double-digit fast economic growth”.
Ethiopia to Offer Share for Private Investors in Road Building and Maintenance
Ethiopia’s Minister for Finance and Economic Cooperation (MoFEC), Abraham Tekeste, disclosed the country intends to offer for the private sector shares in its road-building and maintenance projects.
Ethiopia to Open 2 Industrial Parks by February
Ethiopia expects 2 industrial parks that are under construction currently to be ready for investors by February 2017. The industrial parks Kombolcha and Mekele industrial parks.
Ethiopia to Order New Notes Worth 52 Bln Birr
The National Bank of Ethiopia (NBE) accepted offers last week from three European companies which 
responded to the bank’s desire to print 50 birr and 100 birr notes.
The bank wants to order the printing of notes with a total value of 52 billion birr to replace all-in notes under circulation. It will be the largest order ever, more than 90 percent of what it had printed last year.
