Category Archives: Business

Ethio- Djibouti train transport fare announced

The Ethio-Djibouti railway transport fare was announced today with the maximum fare covering the longest distance between Lebu, Addis Ababa, and Negad- a destination in the Djibouti-set at 1,341 birr. This was announced at the official launching ceremony of the transport today January 1, 2018. Open full article Read full article

China Poly Sees Ethiopia Gas Exports by 2019, Minister Says

China Poly Group plans to start exporting natural gas from Ethiopia’s eastern Ogaden basin by mid-2019 as it continues to explore near the border with Somalia, Petroleum Minister Motuma Mekassa said. Shipments from the Calub and Hilala fields will be exported along a 700-kilometer (435-mile) pipeline to a port complex being built in neighboring Djibouti, Motuma said in an interview in the capital, Addis Ababa. Read the full article.

Ethiopia signs $1.3 bln loan and grant agreement with World Bank

ADDIS ABABA, Sept 29 (Reuters) – The World Bank on Friday on Friday signed a $1.3 billion loan and grant agreement with Ethiopia to improve governance and fund an anti-poverty package that provides financial relief for people facing food shortages. Read the full report

Embassy grills Chinese companies over alleged abuse

The Reporter conducted random examination of the work environment for several days and found, among the hundreds of workers, there was no one that had a steel toe boots or gloves, while the Chinese workers were in full gear for a construction environment. Read full report


Our Grand Renaissance Dam (GERD) was launched in 2011 and when finished, it will be the largest hydro-electric power plant in Africa and the 8th largest in the world by the capacity of its reservoir and will create the 2nd largest reservoir on the Nile. The GERD is our largest nation building project that will generate energy, provide water for irrigation and control flooding. It is currently 70% complete and expected to start operation in 2017. Read the full report

Government officials, businesspersons appear in court for alleged corruption

Addis Ababa, July 27, 2017 (FBC) –Some 34 of the 37 senior government officials, businesspersons and brokers who were detained last Tuesday on suspicion of corruption, appeared in court today. The charges were read out to them at the second criminal bench of the federal high court. They are suspected of embezzling over 1.1 billion birr. Open to see name list of suspects

Inauguration of Mekelle Industrial Park

አዲስ አበባ፣ ሃምሌ 2፣ 2009 (ኤፍ. ቢ. ሲ) የመቀሌ ኢንዱስትሪ ፓርክ የኢፌድሪ ጠቅላይ ሚኒስትር ሃይለማሪያም ደሳለኝን ጨምሮ የፌደራልና የክልሎች ከፍተኛ የመንግስት የስራ ኃላፊዎች ተመረቀ፡፡  የመቀሌ ከተማና አካባቢው ነዋሪ፣ የውጭና የሃገር ውስጥ ባለሃብቶችና ሌሎች እንግዶች በፓርኩ ምረቃ ስነስርዓት ላይ ታድመዋል፡፡ Read Full Story

የአዋሽ ኮምቦልቻ ወልዲያ ሀራ ገበያ የባቡር መስመር ግንባታ 57 በመቶ ተጠናቀቀ

አዲስ አበባ፣ ግንቦት 27፣ 2009 (ኤፍ.ቢ.ሲ) የአዋሽ ኮምቦልቻ ወልዲያ ሀራ ገበያ የባቡር መስመር ግንባታ 57 በመቶ መጠናቀቁን የኢትዮጵያ ምድር ባቡር ኮርፖሬሽን አስታወቀ።

ኮርፖሬሽኑ የፕሮጀክቱን ወቅታዊ ሁኔታ በተመለከተ የመስክ ምልከታ አካሂዷል። Read the whole story

Railroad project Weldia/Hara-gebeya ->Mekelle progressing according to plan

ትግራይ ካብ ሃፍቲ ማዕድን ክትረኽቦ ዝግባእ ሃፍቲ ንምርካብ ብትኹረት ይስራሕ ምህላዉ ተገሊፁ።

ኣብ ትግራይ ተረኺቡ ዝበሃል ሓዱሽ መዓድን ሓቂ ድዩ? ኢልኩም ንዘልዐልክምዎ ሕቶ መሰረት ብምግባር ንሓላፊ ኤጀንሲ ማዓድንን ኢነርጅን ክልል  ትግራይ ኣይተ መዓርግ ሓዱሽ ሕቶ ኣቕሪብናሎም ነይርና። ካብቲ ንሕና ዘቕረብናሎም ሕቶታት ብተወሳኺ፣ ንስኻትኩም ተኸታተልቲ ድሕረ-ገፅና ዘልዐልክምዎም ሕቶታት እውን ክካተቱ ብምግባር ዝስዕብ ምላሽ ሂቦሙና ኣለዉ።