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Ethiopia, China in $73m airport expansion deal

Published on: Tue, 2014-04-15 16:52

Ethiopia and China have entered into a $72.5m loan deal from the China Import-Export Bank for the expansion of the Addis Ababa International Airport, local media reports said on Monday.

The reports said that the Ethiopian Parliament approved the bill for the loan deal, expected to be paid back in 13 years, through its Budget and Finance Committee for the Airport Project.

Japanese Embassy To Finance Youth Centre Construction

Published on: Thu, 2014-02-06 00:00

The Embassy of Japan in partnership with Action for Youth and Communication Change (AYCC) signed a grant assistance agreement for the construction of Cultural Grassroots Projects. Known as Hawassa Aikido Dojo Multipurpose Hall,the project is designed to provide the town with a youth centre, EH reported.

Israel To Finance Wolkayit Sugar Project

Published on: Sat, 2014-02-01 00:00

An Israel construction company, Natifa, secured a loan to be used to finance the Wolkayit Sugar development project from an Israeli bank, The Reporter reported.

Israeli Company To Manufacture Solution For Road Construction

Published on: Tue, 2014-01-28 00:00

An Israeli company that supplies a chemical for road construction announced plans to make the product in Ethiopia, Capital reported.

Ethiopia To Sell 100 MW Electric Power To Yemen

Published on: Mon, 2014-01-27 00:00

Negotiations that have been carried out between Ethiopia and Yemen on the issue of electric power purchase have been fruitful and it is expected that soon the two countries will sign an agreement, Diretube reported.

Authority Awards 6.5 Bln Birr Road Project To Chinese Firms

Published on: Thu, 2014-01-16 00:00

የኢትዮዽያ መንገዶች ባለስልጣን ከ6 ነጥብ 5 ቢሊየን ብር በላይ በሚሆን ወጪ 3 የመንገድ ፕሮጀክቶችን ለማስገንባት ከሶስት የቻይና ኩባንያዎች ጋር ስምምነት ተፈራረመ።

Chinese Company To Construct Oil, Gas Pipeline Stretching From Ethiopia To Djibouti

Published on: Tue, 2014-01-14 00:00

The Chinese petroleum company, which recently signed a petroleum production sharing agreement (PPSA) with the Ethiopian Ministry of Mines (MoM) to develop the gas filed at Ogaden, signed a Memorandum of Understanding (MoU) on Wednesday January 8, with the government of Djibouti that will allow the company to construct two pipe lines stretching from Ethiopia to Djibouti, Capital reported.

Telecom Deal By ZTE, Huawei In Ethiopia Faces Criticism

Published on: Sat, 2014-01-11 00:00

Lake Wenchi, Ethiopia—In the green highlands here southwest of Addis Ababa, farmers like Darara Baysa are proud owners of cellphones that run on a network built by China's ZTE Corp.

Design Of Indian Meat Processing Plant To Begin

Published on: Sun, 2014-01-05 00:00

Allana Group – an Indian-based meat processing company has awarded a contract to ETG Designers & Consultants Plc for the design of its meat processing plant, Fortune reported.

Allana To Build 371 mln Birr Meat Processing Plant

Published on: Thu, 2014-01-02 00:00

The Ministry of Industry and Allanasons Ltd, India's largest exporter of processed food products, signed an agreement that enables the latter to build a meat processing plant at a cost of 371 million birr, WIC reported.


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