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China-Africa Trade Information Service
Challenges include security issues in some parts of the country and foreign currency shortage, suspension from AGOA, COVID-19 pandemic, and the Russia-Ukraine conflict were indicated to have affected the investment performance.
The first Ethiopian owned private industry park, Hawassa Textile and Industrial Park S.C, targets to accomplish the new facility within a year’s time despite price hikes and construction input shortage delays to the project.
According to Tilahun Terefe (Eng.), head of the corporation’s rail safety and transport department, the speed limit of the trains has been reduced from 80 km per hour to 50 km per hour due to damages to the railway infrastructure.
Addis Ababa June 7/2020(ENA)The construction of the Grand Ethiopian Renaissance Dam (GERD) is well underway in a bid to begin filling of water with the scheduled time frame, Deputy Prime Minister Demeke Mekonnen disclosed.
Office Head Hailu Abrham said the fund was collected from the public through SMS, sale of bonds, and other initiatives.
It is reported that the two Chinese companies have reached an agreement with the Ethiopian government to invest 2 billion US dollars in processing Ethiopian bamboo and produce paper products for the local and export markets.
The Ethiopian Sugar Development Corporation (ESDC) has awarded a USD 95 million contract for China CAMC Engineering Co. Ltd (CAMCE) – a Chinese construction firm - to undertake the construction of the unfinished Tana Beles-I sugar plant project, The Reporter has learnt.
The 'Africa Energy Forum: Off the Grid', and 'Regional Energy Co-operation Summit' meetings will be held in Addis Ababa, Ethiopia from March 27th to 29th. Ethiopia will launch the second national electrification program.
Ethiopia is the second most populous country in Africa and one of the fastest growing economy on the African continent.