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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Ethiopian Longest Bridge Project Bagged by CCCC
Posted on :Monday , 29th April 2019
Ethiopia has signed an agreement with a Chinese firm, China Communication Construction Company (CCCC) to design and build the country’s longest bridge.
The Company secured the deal by placing an offer, which was 15.3% higher than the engineers’ estimate. Three companies were disqualified at the technical stage, leaving CCCC as the sole bidder whose financial offer . . .UAE firm invests USD 2 Billion on construction in Ethiopia
Posted on :Thursday , 7th March 2019
Eagle Hills a UAE based construction firm, has confirmed a project estimated at $2 billion towards an integrated community development in Addis Ababa.
The project which includes malls, 4,000 apartment houses, three star hotels and recreation centers will see the Ethiopian government hold a 27 percent share, according to Prime Minister Abiy Ahmed, who launched the project recently . . .
Ethiopia and Djibouti signs deal to build 765km pipeline
Posted on :Friday , 22nd February 2019
The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea.
The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed . . .East Africa retains lead as top investment destination in 2019
Posted on :Thursday , 7th February 2019
Where to Invest in Africa 2019? RMB has the answer. Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. According to a report prepared after an extensive study by South Africa based Rand Merchant Bank (RMB). The RMB Investment Attractiveness index scrutinises a countries’ economic and operating environments to evaluate their p. . .
Ethiopia inaugurates the biggest airport aviation hub in Africa
Posted on :Wednesday , 30th January 2019
Ethiopian Prime Minister Minister Abiy Ahmed has inaugurated the newly expanded Addis Ababa Bole International Airport terminal, the biggest airport aviation hub in Africa exceeding Johannesburg’s O.R. Tambo International Airport.
The China-funded project began construction in 2015 at a cost of US $35m. The terminal has been fitted with modern amenities including automated . . .Please Select an Option
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