|
Condos to Stretch Real Estate Landscape |
|
|
|
|
|
The Indian Persuasion: Arkebe Oqubay, state minister for Works and Urban Development,
inspecting roof tile made in India, in the presence of
Gurjit Singh, India’s ambassador to Ethiopia. The Indians
seem to be determined to share with the Chinese the big
chunk of construction materials supplies to the massive
condo construction the Ethiopian government is financing.
Find
Out More |
| |
|
|
|
Stranded Truck Halts Gibe II
Expansion Project |
|
A special truck carrying a 213tn electric power transformer
has been stranded for three weeks in Gibe wasteland, 198Km
southwest of Addis Abeba. The 22 axle trailer was unable to
maneuver through the narrow and twisted Addis-Jimma Highway
and stopped short of reaching its final destination, the
project site of Gilgel Gibe II, owned by the Ethiopian
Electric Power Corporation (EEPCo). |
|
|
|
|
|
|
AfDB, IFC Make First-Ever Loan
to an Ethiopian Private Company |
|
The African Development Bank (AfDB) and the
International Finance Corporation (IFC), the private
sector arm of the World Bank that reopened its
office here a few months ago, have approved loans
worth a total of 110 million dollars for
Derba-Midroc Cement Plc, on Thursday, April 17,
2008.
|
|
|
| |
|
| |
|
Iceland Helps Ethiopia to Explore Geothermal
Power |
|
Following the signing of a bilateral relation
agreement between Ethiopia and Iceland on January
2008 to explore geothermal power potential in the
rift valley region, a team of experts from Reykjavik
are to engage in a bilateral geothermal survey. |
|
|
| |
| |
|
|
Flora Courts Resettled Oromia Farmers for
Bio-Fuel |
|
The local wing of Flora Eco Power, the Germany giant
bio-fuel producer, is keen to work with 60,000
resettled farmers in the west Harerghe Zone of the
Oromia Regional State. The company wants the farmers
to cultivate castor seeds on a 22,000hc plot of
land. |
|
|
| |
|
|
|
Teddy Afro
Faces Key Bail Hearing Tomorrow |
|
Ethiopia’s sensational singer-songwriter and stage
performer Tewodros Kassahun, popularly known as
Teddy Afro, may spend the duration of his trial for
homicide charges in prison if he is denied bail at a
hearing on Monday, April 21, 2008.
|
|
|
| |
|
|
|
Haile to Construct Five-Star Hotel in Awassa |
|
Long-distance runner Haile Gebreselassie is putting
up a five-star hotel in the seat of the Southern
Nations Nationalities and Peoples Regional (SNNPR)
State, 276km south of Addis Abeba with an outlay of
200 million Br. |
|
|
| |
|
|
|
Flower Exporter Insists on Having Own Cargo
Flight |
|
An identical request from Sher had failed in October
2006. The reason for the failure was resistance from
the Ethio-Hortishare Company, a flower shipping
broker established by 30 flower exporters, and the
Ethiopian Horticulture Producers and Exporters and
Association (EHPEA). |
|
|
| |
| |
|
Low Cost
Indian Housing Technologies for Ethiopia |
|
An Indian delegation led by Harjit Singh Anand
(PhD), vice minister of Housing and Urban Poverty
Alleviation (MoHUPA), was busy last week lobbying
Ethiopian authorities at the Ministry of Works and
Urban Development (MoWUD) to use Indian low cost
housing technologies. The delegation met Kassu
Yilala (PhD) and Arkebe Oqubay, minister and state
minister of MoWUD, respectively on April 16. |
|
|
| |
| |
|
Yod
Abyssinia Left in Ashes |
|
A fire at Yod Abyssinia, a traditional Bar and
Restaurant on Cape Verde Street next to Desalegn
Hotel, on Wednesday April 16, totally demolished the
cozy restaurant in less than 90 minutes. The blaze
began with a faulty electric contact on the roof of
the restaurant and spread so quickly, fire fighters
were only able to rescue a fraction of the property.
|
|
|
| |
| |
|
Truce Broker Cohen Returns to Addis with Eye
on Energy |
|
The once all too influential American diplomat in
Africa, Herman Cohen, has arrived in Addis Abeba on
Saturday night, April 19, 2008, leading a group of
investors interested to explore opportunities in the
Ethiopian power sector. |
|
|
| |
| |
| |
|
Indian Textile Giant Plans Ethiopian
Investment |
|
Spintex Group, India’s largest textile firm, plans
to invest on 25,000hc of land in Ethiopia with an
outlay of 100 million Br. |
|
|
| |
| |
|
|
