N e w s

Ethiopia: We're open for business says mining minister

The mining sector in Ethiopia is on the brink of evolutionary growth and progress as the country’s first modern gold mine – KEFI Minerals’ Tulu Kapi moves into development in October.Ethiopian Mines and Petroleum minister HE. Dr SAMUEL URKATO says the country is looking to drive significant growth from its mining sector and believes it could ultimately contribute 10% towards the country’s GDP. He spoke to LAURA.... Read more »

Posted on : Thursday , 31st October 2019

USD 270 million Water supply project has begun its construction in Ethiopia

The water supply project in Mekelle city, the capital of Tigray state, Ethiopia, has begun its construction works. Following the shortage of water supply in the city, the project is intended to mitigate the situation.The project namely ‘Mekelle Water Supply and Sanitation Project (WSSP)’ is undertaken by China Gezhouba Group(CGGC) with the support of the World Bank. The total cost of the project is USD 270 million, out of which USD 250.... Read more »

Posted on : Friday , 25th October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life and a.... Read more »

Posted on : Monday , 21st October 2019

USD 150 million luxury hotel construction in Addis Ababa

Aviation Industry Corporation of China (AVIC), a multi-sector conglomerate started the construction of a 5-star hotel for USD 150 million in Addis Ababa, said by Ethiopian Airlines officials on Tuesday. This 5-star hotel in Addis Ababa is constructed for the Ethiopian Airlines. Asrat Begashaw, Head of Public Relations in Ethiopia Airlines said that the hotel is being constructed on 22,000 Sqm land with a budget of USD 150 million. The project.... Read more »

Posted on : Monday , 21st October 2019

Kenya begins construction of US $168m Western Bypass

Kenya National Highways Authority (KenHa) and the Ministry of transport has announced that construction of US $168m Western Bypass has begun with the project being the fourth and final ring of the Nairobi Ring Roads. The bypass project is set to kick off in Gitaru, Kiambu county connecting the Southern bypass in Kikuyu town and will terminate in Ruaka connecting the Northern bypass. It will will have a four lane expressway with a total length.... Read more »

Posted on : Monday , 21st October 2019

Kenya launches test run on Phase 2A of its SGR Line

The government of Kenya has launched a 15 day test run on its Standard Gauge Railway (SGR) phase 2A project, which is currently on its final stage of construction. This is inorder to establish a link between the capital Nairobi and the resort town of Naivasha in the rift valley region. The 120km modern railway line whose construction is overseen by the China Communications Construction Company (CCC), kicked off in October 2016. The line is part.... Read more »

Posted on : Monday , 21st October 2019

Ethiopia to construct 5 stadia in Addis Ababa

Ethiopia plans to construct 5 stadia in Addis Ababa to add on the two existing ones – Yidnekachew Tessema and Abebe Bikila stadia. Out of the five, four are zonal stadia and will be constructed in the districts of Yeka, Nifas Silk Lafto, Bole and Gullele. The zonal stadia will cover an area of 40,000sqm, 70,000sqm and 110,000sqm respectively and each of the have a carrying capacity of 30,000, whereas the plot for Gullele is not yet.... Read more »

Posted on : Wednesday , 11th September 2019

USD 98 million received for Ethiopia-Djibouti corridor road project

Ethiopia is going to receive USD 98 million funds from African Development Bank (AfDB) for the construction of the Ethiopia-Djibouti corridor road project. The total cost of the project is expected to be USD 255 million. Djibouti government is expected to fund around USD 5.3 million via AfDB grant while the remaining fund of USD 151 million is expected to be covered by Ethiopia government in co-financing contribution. The project will start.... Read more »

Posted on : Friday , 6th September 2019

USD 300 million Industrial park to be constructed in Ethiopia

Ethiopia is going to partner with China for the construction of USD 300 million industrial park in Addis Ababa, Ethiopia. Economic and commercial counselor at the Chinese embassy in Ethiopia, Liu Yu announced the report and said that the industrial park is going to focus on engaging equipment manufacturing companies. He also states that land acquisition and financial work has already been in progress. The industrial park is going to construct.... Read more »

Posted on : Thursday , 5th September 2019

Tanzania industry comes together at 22nd Buildexpo Africa 2019 this September

22nd Buildexpo Tanzania is back in Dar-es Salaam from the 12th to 14th September 2019 at the Diamond Jubilee Hall. Held right in the city center the event is expected to introduce a large number of companies from around the world to Tanzania. After a very successful show in Kenya, the largest international trade exhibition in East Africa dedicated to the building and construction industry is on its way to make a big impact on the Tanzanian.... Read more »

Posted on : Monday , 2nd September 2019

Tanzania and South Africa commit to increasing bilateral trade and investment opportunities

South Africa’s President Cyril Ramaphosa welcomed by John Magufuli, the President of Tanzania during his visit to Dar es Salaam. This was the first official visit of the South African President to Tanzania after being elected in May. The two presidents discussed many bilateral issues between the countries and signed agreement under many sectors for the advancement of trade, investment, energy cooperation and infrastructure development.... Read more »

Posted on : Monday , 19th August 2019

Hyundai East Africa Ltd. building a better future for Tanzania with Buildexpo Africa

Hyundai East Africa Ltd., is participating at 22nd Buildexpo Africa – Tanzania 2019 to promote its state of the art construction equipments and products range. The event is from 12th to 14th September 2019, at the Diamond Jubilee Hall in Dar es Salaam, where the company looks to attract top industry professionals from all over the continent, including Builders, Developers, Importers, Architects, Consultants, Engineers, Manufacturers and.... Read more »

Posted on : Monday , 19th August 2019



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