Ethiopia: Denim Factory Starts Trial Production
East Africa’s first denim factory, Kanoria African Textiles Spinning, commenced trial production in Ethiopia.
Ethiopia: Deputy Prime Minister Appointed as MeTEC New Chairman
Ethiopia’s Prime Minister has appointed a new board chairman for Metals and Engineering Corporation (MeTEC), Demeke Mekonnen. Deputy Prime Minister. Demeke replaced Siraj Fergessa, Minister of Defense.
Ethiopia: Deputy Prime Minister Says Government Is Willing to Hear and Incorporate Policy Insights
Ethiopia’s Deputy Prime Minister, Ato Demeke Mekonnen, said the government was willing to hear any policy insights and include them in the plans and programs of the country by taking into account the objective reality. According to the Deputy Prime Minister, the government is working hard to accelerate the country’s economic change and renaissance by obtaining key macroeconomic inputs.
Ethiopia: Derba Cement Signs Agreement to Increase Daily Cement Production by 80,000 Quintals
Derba MIDROC Cement and Sinoma International Engineering Group agreed to work together on the Derba Cement Factory expansion project. The agreement is expected to increase the daily production capacity of the factory to 150,000 quintals by enabling the factory to produce 80,000 additional quintals of cement to what it is currently producing.
Ethiopia: Derba Plans to Add Two New Cement Factories
Saudi-Ethiopian billionaire, Mohammed Al Amoudi, the largest foreign investor in Ethiopia, is planning to build two more cement plants in Ethiopia, Bloomberg reported.
