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.   The number of cement and chemical producing industries has been.... Read more »

Posted on : Tuesday , 28th March 2017

Ethiopia is attracting foreign investors. And what’s attracting them is the prevalence of peace, smooth business transaction, a conducive custom and tax system. In addition development of infrastructure such as roads railway and energy is playing a crucial role in encouraging investment flow. Among the investors are, Chinese, Indian and Turkish industries taking the lion's share. Investments from these nations are gaining momentum. For.... Read more »

Posted on : Friday , 24th March 2017

Dubai, UAE – Expogroup is delighted to announce that Samsung Electronics East Africa has signed up as a sponsor for BUILDEXPO Africa 2017, the 20th edition of East Africa’s largest building and construction show. The events will take place at the Kenyatta International Conference Centre (KICC) in Nairobi, Kenya from the 20th to 22nd April, 2017 and at the Milimani City Conference Centre (MCCC) in Dar es Salaam, Tanzania from the 10th.... Read more »

Posted on : Friday , 24th March 2017

The government is developing a national legislation to guide counties on revenue collection.   This follows complaints that some devolved units had come up with prohibitive taxes that have scared away investors.   The guide is meant to check on the unnecessary levies that are way above what the business community can afford and remain in business.   National Treasury Cabinet Secretary Henry Rotich said a review of the fees.... Read more »

Posted on : Friday , 24th March 2017

IN a bid to ensure production and supply of fertilisers in the country, the Norwegian YARA International company, which produces fertilisers has announced to invest 80bn/- at the Port of Dar es Salaam so as to improve the business.   The idea is likely to improve agriculture production in the country, since majority farmers will benefit from the huge investment. The Norwegian ambassador to Tanzania, Ms Hanne-Marie Kaarstad said his.... Read more »

Posted on : Friday , 24th March 2017

PRESIDENT John Magufuli yesterday witnessed the signing of three agreements between governments of Tanzania and China to support expansion of police training institute in Kilimanjaro and construction of a building for the Ministry of Foreign Affairs and East African Co-operation.   Through the agreements, Tanzania has secured 300,000 US dollars (about 660m/-) for the ministry building and 20,000 US dollars (about 44m/-) for the.... Read more »

Posted on : Friday , 24th March 2017

THE Kuwait government through Kuwait Fund for Arab Economic Development has released a loan of 109bn/- to finance Nyahua- Chanya road project, which will boost economic development through the central corridor.   Speaking to reporters shortly after the signing ceremony in Dar es Salaam yesterday, the Minister for Finance and Planning, Dr Philip Mpango, expressed gratitude to the Kuwait government, and said the road is important because it.... Read more »

Posted on : Thursday , 23rd March 2017

World Bank Group president Jim Yong Kim is today expected in the country for a two-day official visit.   The visit, which will also take him to Tanzania, is his second to the region as World Bank president.   Kim is expected to jet into the country at around midday after which he will visit the Zipline Drone project in Muhanga District, the Kigali Special Economic Zone and ICT innovation centre, kLab.   On the second day of.... Read more »

Posted on : Thursday , 23rd March 2017

The two consulting firms chosen to conduct studies on the Grand Ethiopian Renaissance Dam (GERD) have been carrying out their operations as per schedule, according to Ministry of Water, Irrigation and Electricity.   Water, Irrigation and Electricity Minister Dr. Eng. Sileshi Bekele stated that the firms have been conducting their studies since last month and the study is progressing according to schedule.   "The three.... Read more »

Posted on : Wednesday , 22nd March 2017

THE World Bank (WB) Group President, Dr Jim Yong Kim, is expected to arrive in the country today for a three-day official visit, in which he will hold talks with President John Magufuli on robust development projects that are expected to be funded by WB.   During his visit, Dr Kim will meet Dr Magufuli to discuss key engagements of the strategic partnership between Tanzania and the World Bank Group.   According to a statement from.... Read more »

Posted on : Wednesday , 22nd March 2017

The Addis Abeba Youth & Sport Bureau has opened the technical portion of a bid for the construction of Aqaqi -Qality stadium. This is the second time that the project has been floated for bids. The first bid in 2013 , in which local construction company Tekleberhan Ambaye came out on top with an offer of 1.3 billion Br, was cancelled. Although the area of the stadium has not been finalized, it is expected to cover from 18-24ha of land. The.... Read more »

Posted on : Monday , 20th March 2017

The Ethiopian Roads Authority (ERA) awarded Monday a 7.9-billion Birr road construction and maintenance projects to six local and foreign contractors.   The projects with 468 kilometers of length combined would generate over 3,500 jobs.   ERA Director-General Araya Girmay and the managers of the construction companies signed the contracts.   The projects include the Cheko-Yergachefe road project which is part of the Addis-.... Read more »

Posted on : Thursday , 16th March 2017