Ethiopia: European Firms Awarded With 2 Billion Birr Contract
For the purpose expanding Addis Ababa’s sewerage treatment, the City Administration concluded a Memorandum of Understanding (MoU) with Actor and Denis, companies from Greece and Belgium.
Ethiopia: European Investment Bank to Provide 100 Million USD for Private Equity Fund
The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution.
Ethiopia: Excise Tax on Cars, Bottled Water and Tobacco to be Revised
Ethiopia's Ministry of Finance announced that the new draft excise law has made revisions on new cars, bottled water, and tobacco.
Ethiopia: EXIM Bank of China Promised 1 Billion Birr Loan
Export and Import Bank of China (EXIM Bank of China) promised 1 billion USD loan for the construction of industrial park in Ethiopia. The industrial park once its construction is over, is expected to host Chinese enterprises.
Ethiopia: Expansion Work on Airport to Finalize in 2018
The expansion work Ethiopia is undertaking on the Bole International Airport (BIA) is expected to be completed by 2018. Upon commencing giving service it is expected to triple the number of passengers the airport handles every year.
