N e w s

Ethiopia Launches Second GERD Bond Sale

A 'bond week' campaign aimed at raising funds for the Grand Ethiopian Renaissance Dam (GERD) was launched across the country yesterday.   A special bond sale has been prepared for the second time as part of the 6th anniversary of the GERD, said Tagel Kenubeh, Deputy Director General for Office of the National Council for the Coordination of Public Participation on the Construction of GERD.   At the event, Addis Ababa City Mayor.... Read more »

Posted on : Wednesday , 1st March 2017

Ethiopia: GERD Power Generation Capacity Increased to 6450 MW

The Grand Ethiopian Renaissance Dam (GERD) power generation capacity has been upgraded to 6,450 MW.   The Dam was first designed to generate 5,250 MW. However, due to the upgrading made on the power plant, its generation capacity uplifted to 6,000 MW from 5,250 MW.   But six years later, the design has been made to add another 450 MW due to the improvements made on generators with local capacity, Communication and Information.... Read more »

Posted on : Wednesday , 1st March 2017

Ethiopia: New U.S Govt Keen to Strengthen Ties with Ethiopia

The new administration regards Ethiopia as its strategic alliance in the region.   Prime Minister Hailemariam Dessalegn and US delegation led by Senator James Inhofe held talks Wednesday on ways of strengthening trade and investment between the two sisterly countries.   The premier expressed country's strong desire to cement ties with the new US administration in trade and investment in particular and African Growth Opportunity Act.... Read more »

Posted on : Tuesday , 28th February 2017

Farmers Eye Increased Income as Kenya to Export Mangoes to China

NAIROBI－Kenya's mango farmers will soon be able to export their produce to China to prevent a price slump amid an abundant harvest, a chamber of commerce official said at the weekend.   Chairman of the Kenya Chinese Chamber of Commerce, Zhuo Wu, said during the Chinese Mango Festival held in Nairobi that they would soon start exporting Kenyan-grown mangoes to China in order to boost local farmers' incomes.   "We will.... Read more »

Posted on : Tuesday , 28th February 2017

Tanzania: Ugandan President's Visit to Boost Economic Partnership

Uganda President, Yoweri Museveni, arrives in the country tomorrow for a two-day state visit, to explore various potential areas of bilateral economic partnership, among them, the improved cargo clearance at the Dar es Salaam Port.   President Museveni will also hold talks with his host, President John Magufuli on the East African Common Market as well as the ongoing project for the construction of the 1,443-kilometre pipeline to.... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: Russia Looking to Increase Trade with Zanzibar

Russia Ambassador in Tanzania, Mr Yuri Fedorovich Popov, has assured continued relations with Zanzibar on matters that will mutually benefit the two countries.   Speaking at State House yesterday, the envoy who paid the Zanzibar president a courtesy call, stressed the need for two countries to enhance the historical bilateral ties.   "We should boost trade particularly open up opportunities for our people to do business,".... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: President Lauds Hospital for Saving Life of Domestic Abuse Victim

President John Magufuli has showered praise on the Muhimbili National Hospital (MNH), in particular, surgeons and staff who saved the life of one Neema Mwita Wambura who suffered severe burns on her body two years ago.   Ms Neema was allegedly burnt with boiling porridge by her husband in Kyagata village of Tarime District in Mara Region in 2014. She suffered severe injuries on her chest, neck and hands.   The Director of.... Read more »

Posted on : Saturday , 25th February 2017

Kenya: 35 Students to Undergo Railway Operation Training in China

Nairobi — Thirty-five Kenyan students will depart to China at the end of February on a scholarship program to prepare them for Kenya's new railway.   Transport and Infrastructure Cabinet Secretary James Macharia said the students will receive undergraduate education at Beijing Jiaotong University, a top university in China for railway studies.   "The students will receive high-level training for operating Kenya's railway.... Read more »

Posted on : Saturday , 25th February 2017

Rwanda: New Chief Takes Over as Bugesera Airport Construction Gets Underway

The Aviation, Travel and Logistics Limited (ATL Ltd) has its work cut out for the next two years as the new chief executive takes office and construction works of Bugesera International Airport kicks off.   Lucky Cheong, the new chief executive of the holding firm, said, at the moment, they are deeply involved in the design of Bugesera International Airport as well as construction.   He said as construction work for the new airport.... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: Affordable Houses Key to Profits in Real Estate Market

Reports indicating that real estate developers and agents found it difficult to find clients to buy and rent high-end properties last year should give them a complete shift in their business models. Developers will be required to adjust to the new economic realities and come up with the type of houses that meet the capabilities of a majority of Dar es Salaam residents.   With a deficit of three million housing units, the market is still.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: Textiles Making Country FDI Manufacturing Hub

Ethiopia has continued becoming investors' choice. It is attracting more Foreign Direct Investment (FDI) from time to time. Particularly, textile and garment manufacturing industries, as the sectors are labour intensive, they create millions of job opportunities,and help transfer technology. They have managed to attract both local and foreign big companies in the budget year. Thus, becoming Africa's light manufacturing industry hub is well in.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: Construction Industry Key to Sustained Development

The construction industry has been playing crucial role in expanding infrastructures such as roads, schools, health centres, real estates, irrigation, residential houses and the like. Hence, it created job opportunities for hundreds of thousands allover the country and established value chains through facilitating markets to cement industries and small scale enterprises. As rapidly growing economy, the nation aims at cultivating the sector so.... Read more »

Posted on : Friday , 24th February 2017



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