Market News
ETHIOPIA 2020 - THE 100 MILLION MARKET
With an aim to become the most favourable investment destination, Ethiopia is currently undertaking massive infrastructural projects. A few of them are:
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The 12000 KM long Addis light railway and Addis-Adama express which has been newly constructed. -
Six major railway routes linking major areas with industry clusters are under construction.
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USD 13 billion worth of road projects have already been sanctioned and many more in the pipeline for allotment
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$4.8 billion hydroelectric dam project the Grand Ethiopian Renaissance Dam project is nearing it completion and is expected to increase the power generation capacity of the country by more than 6000 MW.
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The Government of Ethiopia plans to reach 17000 MW in power generation capacity by 2020, in order to meet the 100% electrification target. Solar, wind, geo-thermal as well as nuclear power plant options are being considered to promote clean energy.
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The country's biggest contributor of foreign investment the Ethiopian Airlines which is also one of the fastest growing and largest aviation group in Africa, will add 37 destinations by 2020 and increase its fleet and cargo capacity by more than 40%.
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The Government of Ethiopia has liberalized major state monopoly companies including Ethiopian Airlines, Ethio-Telecom, Ethiopian shipping Lines and Ethiopian Electric Power Corporation in order to open the sectors for foreign investors
These measures and more have been decided to ultimately help the Ethiopian economy grow and be competitive in the international market.
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MoU signed for construction of road linking Ethiopia to Berbera in Somaliland
Posted on :Wednesday , 19th May 2021
The government of Ethiopia through the Ministry of Transport and Dubai Ports (DP) World, a leading global provider of end-to-end logistics solutions, have signed a Memorandum of Understanding (MoU) that would see the construction of a road linking Ethiopia to Berbera in Somaliland.
A road infrastructure that will connect Berbera port to Wajjale, a city on the border of Somali. . .
Ethiopia lays foundation stone for Lemmi Industrial Complex construction
Posted on :Wednesday , 17th March 2021
The government of Ethiopia led by President Sahlework Zewde on Thursday 4th March 2021 laid a foundation stone for the construction of Lemmi Industrial Complex project in Ensaro district of Lemi town in the central region of the East African country.
The facility will be built on a 270 hectares piece of land by a joint venture between East African Holding, a leading industrial group in Et. . .
Cooperation between Ethiopia and Chinese firms is leaping to boost Ethiopia's construction sector
Posted on :Tuesday , 7th January 2020
The cooperation between the Ethiopian Ministry of Urban Development and Construction (MoUDC) and Chinese firms has increased to boost the construction sector of Ethiopia.
Ethiopia has put forward a 10-year strategic plan to develop its construction sector, and Chinese construction firms will play a key role in fulfilling the plan said by Aysha Mohammed.
She also said t. . .USD 69 million road project in Jimma launched by PM Abiy
Posted on :Monday , 6th January 2020
Ethiopian Prime Minister Abiy Ahmed has recently launched a USD 69 million road project in Jimma, Oromia region of the country. A Chinese company received the tender to build this road.
The original road was built 45 years ago, since then it does deteriorate making the road difficult to utilize. It takes five hours to travel 94 kilometers through this road.
USD 156 million Tadjourah-Balho-Mekele road connecting Djibouti and Ethiopia has inaugurated
Posted on :Thursday , 26th December 2019
The highway connecting Djibouti and Ethiopia, namely, Tadjourah-Balho-Mekele road, has been inaugurated recently. Ismail Omar Guelleh, President of Djibouti, Ethiopian minister of transport, and other dignities have attended the ceremony.
The total length of the road is 120km, which connects Tadjoura port of Djibouti to the Balho of Ethiopia. The Tadjoura port mainly focuses on general ca. . .
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