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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USD 1.2 billion mega housing project announced by Ethiopia for Addis Ababa
Posted on :Wednesday , 12th December 2018
Keeping the importance of secure low cost housing in mind, plans have been announced by Ethiopia’s Federal Housing Corporation (FHC) to build 16,173 homes in the capital city of Addis Ababa at an estimated cost of around $1.2bn.
The housing will be allocated for rental houses to employees of businesses and the state officials in a 50-50 division. In the conference held by th. . .
US $2bn integrated community development project to be constructed in Ethiopia
Posted on :Friday , 30th November 2018
US $2bn has been set aside for integrated community development project in Ethiopia's capital, Addis Ababa which will entail 4,000 apartment houses, recreation centers and three star hotels.
During the launch of the project, the country’s Prime Minister, Abiy Ahmed said that according to the master plan, 1,. . .
Macro investments to boost trade in East Africa
Posted on :Thursday , 25th October 2018
Recent economic research and forecasts have found that investments in East African infrastructure construction are set to expand rapidly. Total infrastructure construction output in the region’s largest markets of Rwanda, Ethiopia, Kenya, and Tanzania, is expected to grow from USD 25.9 billion in 2017, to USD 98.8 billion in 2022.
At present there are about 287 large scale publi. . .Buildexpo Africa - Coming now to Ethiopia
Posted on :Thursday , 7th June 2018
Reputed to be largest event in East Africa of its kind, the show dedicated to the building and construction industry will be held from 21st to 23rd March,2019 in Addis Ababa. Buildexpo has grown in several aspects in 2018 Africa’s most promising economy is opening up to international investors. After a very successful show in Kenya, Buildexpo Africa is on its way to make a similar impact . . .
US $37m Gidabo Irrigation Dam in Ethiopia expected to be operational soon
Posted on :Thursday , 7th June 2018
Built to provide access to irrigation for almost 27,043ha of land once complete the construction of the US $37m Gidabo Irrigation Dam in Ethiopia is almost complete and is expected to begin operations in the next few months. The dam will have the capacity to hold 63 million cubic metres of water and stands 21.2m tall
The Ethiopian Construction Works Corporation (ECWC) which is a result . . .
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