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News concerning Ethiopia.

Nib Selects Four Candidates To Design Its HQ

Published on: Mon, 2014-01-06 00:00

Nib Insurance Corporation(NIC) selected four finalists to design their headquarters, which will include a branch for its’ sister company , Nib International Bank, on Africa Avenue next to Mega Printing House. The four finalists were chosen by impartial judges in the architecture and financial sectors. The three runner-ups were given monetary prizes and one was awarded first prize, according to the Bank’s PR office. The prizes, however, were undisclosed, Capital reported.

Residents Make Way For New Stadium

Published on: Mon, 2014-01-06 00:00

The area between Bole Medhanialem and Imperial Hotel is being cleared to make way for the construction of a 60,000-seat stadium, estimated to cost 1.6 billion birr. Residents of the area, commonly known as “Chereqa sefer, have been relocated, as many houses had to be demolished for the construction. Many squatters have also been removed from the area, Capital reported.

Djibouti Backs Down From Ultimatum On Cargo Clearance

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

The government of Djibouti has backed down from its earlier decision to change cargo clearance procedures, a week before its ultimatum comes to an end. In addition to this, a demand from its negotiators to amend a 2003 bilateral agreement on port utilisation, signed with Ethiopia, has been rejected by trade negotiators of the latter.

New Mining Amendments Favour MSEs Ahead Of Cooperatives

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

Parliament passed amendments to the Mining Operations Proclamation of 2010 into law on Tuesday, December 31, 2013, Fortune reported.

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.

Ethiopian Airlines Begins Construction Of New Cargo Terminal

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

የኢትዮጵያ አየር መንገድ ከዓለም ግዙፍ ካርጎ ተርሚናሎች አንዱ ይሆናል የተባለውን አዲስ የካርጎ ተርሚናል ግንባታ በአዲስ አበባ ቦሌ ዓለም አቀፍ አውሮፕላን ማረፊያ መገንባት ጀመረ፡፡

Top Minister Pledges No Job Losses In EEPCo Breakup

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

Subsequent to the breakup of the state-owned power utility monopoly, the Ethiopian Electric Power Corporation (EEPCo), there will be no layoffs from the thousands of employees, according to a high ranking minister, Fortune reported.

MetEC, EEPCo Transformer Saga Burst Out Of The Shell

Published on: Sat, 2014-01-04 00:00

The two state owned enterprises, the Metals and Engineering Corporation (MetEC) and the Ethiopian Electric Power Corporation (EEPCo), are locked in a serious dispute over locally manufactured power transformers that the former supplied to the later, The Reporter reported.

Mining Companies Present Complaints To PM Office

Published on: Sat, 2014-01-04 00:00

The governments of Ethiopia and China signed a bilateral cooperation agreement to jointly undertake a geophysical study in South Western part of Ethiopia. The two countries agreed that the Geological Survey institutes of both countries will jointly undertake the study. The government of China will cover the cost of the project and provide equipment and experts required for the project. The Reporter reported.

Ethiopia Aims To Finish Dam In 3 Years

Published on: Sat, 2014-01-04 00:00

Project manager Semegnew Bekele described the mega-dam as a "flagship" project for Ethiopia, ultimately aimed at improving citizens' lives, according to worldbulletin.net report.


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