Over-Capacity Truck Expands Awash Bridge

Awash Bridge two weeks ago stretched by 20mm when a transformer four times heavier than its carrying capacity crossed it. The 213tns transformer with the capability to generate 540MW of electricity was intended for the Gilgel Gibe II Hydro Power Project that is being undertaken by the Italian construction firm Salini Custruttori SpA. Read More

Semi-Finished Leather Export Taxes Increase

The Council of Ministers approved the draft tax increase tabled by the Ministry of Finance and Economic Development (MoFED) on exports of semi-finished leather and leather products. The draft proposal was endorsed without being sent to the Trade and Industry Standing Committee as it was decided that it should be approved before Parliament resumes session.

MIDROC Strikes Gold Big in Two Reserves

MIDROC Gold Mine Plc, one of the subsidiary companies under MIDROC Ethiopia Technology Group, seems to have finally landed a breakthrough gold reserve finding in East Sakaro, Guji Zone of the Oromia Regional State. The reserve, found after four years of intensive exploration, is estimated to contain 17,250Kg of the commodity.

Minister Girma Upbeat on Exports Despite Shortfalls

Halfway through the five-year strategic plan for industry and trade development, Girma Birru, minister of Trade and Industry, is confident that the goals will be reached.

Customs Seizes 1.2m Br Allegedly Smuggled Perfumes

Perfumes worth over 1.2 million Br that were reportedly smuggled into the country through the Addis Abeba Airport Customs were finally caught by the customs police following a tip two weeks ago. Subsequently, two of the three inspectors at the check point that allegedly collaborated with the smuggling of three pieces of luggage containing perfumes went missing while one has been arrested.

Adama Undertaking 2m Br Bus Station Renovation

The Adama (Nazareth) City Administration is renovating the town’s bus station with an outlay of 2.05 million Br. The compound of the Adama Council located at the heart of the town is temporarily being used as a station for the buses.

SATCON Snags 328m Br Afar Region Road Project

The Ethiopian Roads Authority (ERA) awarded the 113Km Semera-Didigsala road construction project in the Afar Regional State to SATCON Construction Plc.
 

Projected to cost 328.2 million Br, the project is one of the 33 new gravel road constructions that the Authority set out to install in pastoralist areas in the coming three months.

Sher Begins Leasing 200hct Greenhouse

Sher Ethoipia Plc, a company established by Dutch investors, constructed a 200hct greenhouse for flower and vegetable development at a cost of 40 million euros (540 million Br). The company has started leasing this greenhouse constructed outside Ziway, 163Km south of Addis Abeba, with 20 partitions to local investors interested to grow flowers and vegetables.

The Addis Abeba Water and Sewerage Authority (AAWSA) is to split the Sibilu and Gerbi Dam Construction project into phases concerned that it would not find a financier for the over six billion Birr project with a single lot. The Authority also is to revise the study of the project and float a tender for the revised undertaking.