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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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 . . .
East Africa Upbeat About Economic progress in 2018
Posted on :Thursday , 7th June 2018
An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018.
Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard g. . .
East Africa: Call for Regional Cooperation to Transform Construction Industry
Posted on :Wednesday , 3rd May 2017
Resulting from the rapid and sustainable economic growth as well as the ongoing fast urbanization in Ethiopia,there is high demand for cement and concrete, Construction Minister Eng. Aisha Mohamed said.
While addressing the 2nd Annual East Africa Cement, Concrete and Energy Summit yesterday, Minister Eng. Aisha reiterated: "With the growth in our economy . . .
Ethiopia: Investing in Transport Sector Aiding Economic Growth
Posted on :Tuesday , 2nd May 2017
The transport sector is an important component of the economy and it plays a very significant role in supporting the intended development in the other sectors. This is very evident in a global economy where economic opportunities have been increasingly related to the mobility of people and goods.
A relation between the quantity and quality of transport infrastructur. . .Ethiopia: Cement Production Transforming Construction Sector
Posted on :Tuesday , 4th April 2017
The construction industry is booming in Ethiopia. Years ago, the country had been importing cement at huge costs for its developmental projects. In 2010/11 the country imported 0.3 million tonnes cement by spending millions of USD. However, owing to the growing numbers of cement factories, these days, the country has begun exporting beyond meeting local consumption.
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