Authority Awards 13 Billion Br Road Projects

[Addis Fortune] Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative road for Limalimo.

[Addis Fortune] Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative road for Limalimo.

source: AllAfrica News: Ethiopia

Impressive, Prime Minister Abiy. but Caution

[Addis Fortune] The Revolutionary Democrats have finally mustered the courage to swallow the inevitable bitter pill under the leadership of a young man, Abiy Ahmed (PhD). Last week, the highest decision-making body of the party agreed, rather unanimous…

[Addis Fortune] The Revolutionary Democrats have finally mustered the courage to swallow the inevitable bitter pill under the leadership of a young man, Abiy Ahmed (PhD). Last week, the highest decision-making body of the party agreed, rather unanimously, to open up state-owned enterprises in key economic sectors to private capital. It is a decision that heralded a second-generation leadership of the incumbent has a test for meaningful reforms both on the political and economic fronts.

Ethiopia to Partially Privatise Major SOEs

[Addis Fortune] Ethiopia is soon to partially privatise Ethio Telecom, Ethiopian Airlines, Ethiopian Shipping & Logistics Services Enterprise and the Ethiopian Electric Power Corporation. The list also includes state-owned railways, sugar factories, industrial parks, hotels and manufacturing companies.

[Addis Fortune] Ethiopia is soon to partially privatise Ethio Telecom, Ethiopian Airlines, Ethiopian Shipping & Logistics Services Enterprise and the Ethiopian Electric Power Corporation. The list also includes state-owned railways, sugar factories, industrial parks, hotels and manufacturing companies.

source: AllAfrica News: Ethiopia

Export Revenue Goes Cold, Disrupts Macroeconomy

[Addis Fortune] Although the import bill has shown a decline last year, this year’s export revenue remains to disappointment with barely half of the target met. As macroeconomic problems continue, international financial institutions advice the governm…

[Addis Fortune] Although the import bill has shown a decline last year, this year's export revenue remains to disappointment with barely half of the target met. As macroeconomic problems continue, international financial institutions advice the government to consider making cuts to government expenditur. If the budgets are not modest a further devautation of the Birr is inevitable, reports YARED TSEGAYE, FORTUNE STAFF WRITER.

source: AllAfrica News: Ethiopia

Mining Companies Worth 73 Billion Br Join Industry

[Addis Fortune] Seventy-one mining companies with registered capitals of more than 73 billion Br have joined the mining industry in the first half of the second edition of the Growth & Transformation Plan (GTP II), according to the Ministry of Mines, Petroleum & Natural Gases.

[Addis Fortune] Seventy-one mining companies with registered capitals of more than 73 billion Br have joined the mining industry in the first half of the second edition of the Growth & Transformation Plan (GTP II), according to the Ministry of Mines, Petroleum & Natural Gases.

source: AllAfrica News: Ethiopia