Embassy of The FDRE to The Benelux & Permanent Mission to EU Institutions
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LAVA Designs New National Stadium and Sports Village for Ethiopia

July 11th, 2012 | Posted by teferi in News - (Comments Off)

 Ethiopian football and athletics fans will have a new FIFA and Olympic-standard 60,000 seat stadium in Addis Ababa thanks to a competition winning design combining local identity with new technology. LAVA and Designsport, in collaboration with local Ethiopian firm JDAW, won the international architecture competition for a national stadium and sports village, held by the …
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Ethiopian Airport Enterprise Plans to Build New, Bigger Airport

July 11th, 2012 | Posted by teferi in News - (Comments Off)

July 10, 2012 – The air traffic growth at Addis Ababa Bole International Airport has prompted the Ethiopian Airport Enterprise to plan to build a new international airport between Modjo and Meki towns on the Hawassa road, according to the Reporter.The director general of the Ethiopian Civil Aviation Authority, Col. Wossenyeleh Hunegnaw on Thursday said …
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NEW YORK, July 3, 2012 /PRNewswire/ — Within the span of less than a decade, Ethiopia emerged as a global player in the cut flowers business ranking second in Africa.  With a good mix of incentives and active facilitation, the Government of Ethiopia took a non-existing flower sector and developed it into a USD $200 …
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ADB to Provide More Financing to Ethiopian Private Sector

July 11th, 2012 | Posted by teferi in News - (Comments Off)

The African Development Bank is developing a strategy that will allow it to enhance its financing to the private sector in Ethiopia.The minimum amount of loan that the bank offers to private companies is 10 million US dollars said Gebriel Negatu, Director of the AfDB’s East African Regional Center speaking at an event to introduce …
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Ethiopia inflation falls for fourth month in row

July 11th, 2012 | Posted by teferi in News - (Comments Off)

ADDIS ABABA (Reuters) – Ethiopia’s year-on-year inflation fell for the forth consecutive month to 20.9 percent in June from 25.5 percent a month before due to slowing food prices, the statistics office said on Monday. The Central Statistics Agency said food inflation dropped to 21.5 percent from 29.2 percent in May, while non-food inflation rose …
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Ethiopia: AU Summit to be Held in Addis Ababa ,July 16/2012

July 3rd, 2012 | Posted by teferi in News - (Comments Off)

  Addis Ababa — The 19th Summit of the African Heads of State will be  held from July 9 to 16 in Addis Ababa.Mr Nurudeen Mezni, Spokesperson of the Chairperson of the AU Commission, Dr Jean Ping, in Addis Ababa on Monday said that the Summit would commence with a two-day meeting of the AU …
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  Minister of Government Communication Affairs Office, Bereket Simon stressed the need to further strengthen soil and water conservation with a view to protecting the Grand Ethiopian Renaissance Dam from silt and sediment. He made the remark at a relevant meeting held in Addis Ababa on Monday to discuss a document on Integrated Basin Development …
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Ethiopian Exchange Trade Value reaches 21 Billion Birr

July 3rd, 2012 | Posted by teferi in News - (Comments Off)

  The trade value of the Ethiopian Commodity Exchange has reached 21 billion birr in the current financial year while its trading                         volume has increased to 601,000 tons announced the ECX.The trading value of the Exchange increased by 21% while its trading value …
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Ethiopia signs $3.2 bln deals for new railway line

July 3rd, 2012 | Posted by teferi in News - (Comments Off)

  ADDIS ABABA, June 28 (Reuters) – Ethiopia has signed two deals worth $3.2 billion with Chinese and Turkish companies to construct a railway to link the land-locked Horn of Africa nation to Djibouti’s Tadjourah port to export potash, officials said.Ethiopia, which has seen high economic growth over the past five years, hopes to exploit …
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Ethiopia: Foreign firms invest over US$6 bn in potash mining

July 3rd, 2012 | Posted by teferi in News - (Comments Off)

BHP Belton World Exploration Ethiopia, G and B Central Africa Resource Limited, NOVA Potash, Saynic Potash and Allana Potash – are all based in Dalol, about 1 000 KM north of Addis Ababa. Potash, used primarily as an agricultural fertiliser is a source of soluble potassium, one of the three primary plant nutrients. There are …
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