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TOTAL
Starts Fuel Supplies to Messebo Cement |
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The French oil subsidiary, TOTAL Ethiopia, has started to
supply heavy fuel oil, gas oil, and lubricants worth 394 million Br
to the Messebo Cement Factory, located 780Km north of Addis Abeba. |
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Israeli-Australian Company to Invest 300m Br on Dairy, Animal
Fattening |
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IF Dairy and
Agriculture Plc, a company established in 2006 by Israeli and
Australian investors, has been awarded a 600ht plot in the Oromia
Regional State, to begin dairy farming, animal fattening and a milk
processing plant.
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International Funding for Water Projects |
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The Water Resources Development Fund (WRDF) has given funding to
three water projects in Harar, Mizan Teferi, and Kebre Mengist.
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Experts
Recommend Lower Tariffs for Pharmaceuticals |
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A group of experts
which has been studying the pharmaceutical industry has recommended
that tariffs should be lifted to make the sector more competitive.
Comprised of
members from various government institutions and the Ethiopian
Pharmaceutical Manufacturing and Medical Supply Association (PMMSA),
the work group conducted a six-month study on the issue and has
submitted a recommendation to lower taxes to the Ministry of Trade
and Industry. |
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Tendaho
Housing for 100,000 People, Looks for Contractor |
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The Kesam and Tendaho Sugar Development Projects’ housing
development has completed the design stage and is expected to float
a tender to find a contractor by September 2006. |
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Sugar Imports Reach Djibouti |
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The
Ethiopian Sugar Industry Support Centre (ESISC) awarded the purchase
of 37,200tn of sugar to the Swiss company Cargil, in an agreement
signed on March 25, 2006, and the first assignment has arrived at
the Port of Djibouti. |
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Akaki
Garment Gets Buyer after long Wait |
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Akaki Garment SC, which has been on the privatisation block for the
last eight years, has finally been sold to GG Super Garment.
The
Privatisation and Pubic Enterprises Supervisory Agency (PPESA) had
floated four tenders to sell Akaki Garment until it finally resorted
to invite, in October 2005, interested buyers to negotiate and buy
it. |
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Agro
Stone Chooses Kebre Mengist for Chemical Factory |
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Agro Stone
Ethiopia Plc, the city-owned producer of partitions, has leased a
20,000sqm plot in Guji Zone, Oromia Regional
State, to build a chemical factory. |
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Yetebaberut
Contracts TOTAL Tankers’ Assn. |
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Yetebaberut Beherawi Petroleum (YBP), which won a two-year contract
to supply and transport furnace oil to Muger Cement Factory for 62.7
million Br, has awarded the transport to TOTAL Tanker Owners
Association. |
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Jijiga-Togochalle
Road Gets Consultant |
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The Ethiopian
Roads Authority (ERA) has awarded a 19 million Br design and
construction supervision contract for the 74Km road from Jijiga to
Togochalle to Intercontinental Construction and Technocraft (ICT),
an Indian firm. |
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Privatization Returns Harar Cinema |
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Harar Cinema has been returned to its previous owner, by the Project
Office, under the Privatisation and Public Enterprises Supervisory
Agency, which is also planning to re-evaluate the properties it has
returned to make sure that they have been given to the right people. |
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Employers
Federation to Build New Headquarters |
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The Ethiopian
Employers Federation has received a 3,000sqm plot from the Addis
Abeba Land Development and Administration Authority to build its
headquarters that could cost up to 20 million Br.
Teshome Zewde,
president of the Federation, told Fortune that the price could not
be determined until the design was competed, but said that it could
be between 15 and 20 million Br. The plot is located in Yeka
District, Kebele 03. |
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CBE Receives
10m Br Data Centre Project |
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Cedar
Information Systems (CIS), a Lebanese consulting firm, handed over
the Data Centre Development Project to the Commercial Bank of
Ethiopia (CBE)on March 12, 2006. |
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Ethiopian,
ETC among Africa’s ‘Top 500’ Companies |
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Only two state
owned
companies in Ethiopia,
Ethiopian Airlines and the Ethiopian Telecommunications Corporation
(ETC), have made it onto the list of the “Top 500 Companies” in
Africa,
according to an index compiled by The Africa Report, a quarterly
magazine published by the group Jeune Afrique. |
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Dubai
Projects Stimulate Djibouti Economic Growth |
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Dubai’s
involvement in developing Djibouti’s port infrastructure, customs
regime and a free zone is whetting the East African nation’s
appetite for more foreign investment. Dubai
is estimated to be working on projects worth 800 million dollars in
Djibouti, changing the country’s economic landscape. |
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