First Independent Mena Newspaper
Ethiopian Construction Works Corporation (ECWC) has completed the Gidabo dam in central Ethiopia. The dam has the capacity to reserve 62.5 million cubic meter and is expected to develop 13,425 hectares of land cultivated by some 10,000 farmers. The project is also expected to indirectly create nearly 192,000 jobs. According to the Food and Agriculture […]
Kenya Electricity Generating Company (KenGen) has signed an agreement to provide geothermal drilling services to state-run Ethiopian Electric Power (EEP). According to EEP CEO, Dr. Abraham Belay, Ethiopia had tried to venture into geothermal development as far back as 1981 but was yet to make a commercial breakthrough. The country has some geothermal drilling rigs […]
Morocco and Ethiopia are examining the means to bolster bilateral trade and investments through establishing joint-ventures and win-win partnerships. This came at a meeting between head of the Moroccan exporters associations, Hassan Sentissi El Idrissi, and Ethiopian ambassador in Rabat Yeshi Tamirat. The two men discussed ways to develop economic relations, with emphasis on the […]
China’s Poly-GCL Petroleum Group Holdings Limited will build a 767 km gas pipeline between Ethiopia’s eastern Ogadem Basin and an export terminal on the Red Sea, Ethiopian Ministry of Mines and Petroleum said. Ethiopian and Djiboutian government officials agreed that Poly-GCL would begin construction of the pipeline project this year, the ministry said. Last April, […]
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]
Saudi billionaire Mohammed al-Amoudi who has assets in Morocco and Ethiopia has been released from detention in the Saudi kingdom where he had been held since Nov. 2017 as part of the controversial crackdown on corruption. Ethiopian Prime Minister confirmed on Twitter Sunday the Ethiopian-born billionaire and businessman has been released. “We wish Mohammed al-Amoudi […]
The Ethiopian Ministry of Energy has issued tenders for the installation of six large-scale solar power plants. The plants will be developed under a public-private partnership framework and their construction is expected to cost around $795 million. These infrastructures are planned to be located in the states of Afar, Somali, Oromia and Tigray with the […]
The Ethiopian government has pardoned about 13,200 people who were previously charged with or convicted of terrorism and/or treason. According to state-affiliated Fana Broadcasting Corporate, more than 13,200 individuals took advantage in the past six months of a law passed by parliament in July allowing people convicted or facing charges of “treason, crime against the […]
After the agricultural caravans it launched in Côte d’Ivoire (Octobre 2015), Guinea (May 2015), Togo (April 2017), Madagascar (Septembre 2017) and Burkina Faso (May 2018), the foundation of the Moroccan phosphates group OCP kicked-off a new stage on Friday (June 1) in Addis Ababa, Ethiopia. The caravan will crisscross the next agricultural season in four […]
The celebration of the international Africa Day is an occasion to shed light on the South-south cooperation approach adopted by Morocco under the leadership of King Mohammed VI yielding concrete projects that address the continent’s pressing challenges. By matching words with action, Morocco geared the bulk of its foreign direct investments to help African countries, […]