The Ministry of Industry announced that the construction of four agro- industrial parks projects would be launched soon in Tigray, Amhara, Oromia and SNNP States.   Speaking at stakeholders' consultative meeting on the implementation and resource mobilization for agro-industrial parks expansion project here Friday, Integrated Agro- Industrial Parks Project Marketing and Economic Analyst Moges Mesfin said the project is part of the.... Read more »

Posted on : Tuesday , 3rd January 2017

Office of the National Council for the Coordination of Public Participation for the Construction of the Grand Ethiopian Renaissance Dam (GERD) said it has successfully accomplished its goal of mobilizing the public towards the construction of the dam.   Office Deputy Director Tagel Kenubih said the office had managed to mobilize Ethiopians home and abroad for massive purchase of bonds over the last fiscal year (2015-16).   The.... Read more »

Posted on : Tuesday , 3rd January 2017

In the past few years, Rwanda has risen to become among the leading foreign direct investment (FDI) destinations in the Great Lakes, and even beyond.   This is particularly true when one considers a number of the biggest international hotel chains which have recently opened their doors: Kigali Radisson Blu, Serena, Park Inn, Sheraton, Zinc, Protea, and Golden Tulip among others.   All these hotel brands are establishing in Rwanda.... Read more »

Posted on : Monday , 2nd January 2017

The National Bank of Rwanda is in the final stages of licensing a Kenyan bank, Commercial Bank of Africa (CBA), to operate in the country as a micro-finance institution.   According to central bank governor John Rwangombwa, they are in the final stages of approving the bank's operations in the country.   Following the licensing and clearance, the bank is likely to begin operations in 2017, further increasing the number of financial.... Read more »

Posted on : Monday , 2nd January 2017

Ethiopia is working closely with many trusted nations and international agencies as well as partners in various development activities aggressively. There are many agencies from across the world that are co-working with the country to support the ongoing development.   This piece presents some contributions of three agencies in supporting the development endeavours the Ethiopian government has been undertaking. The significant.... Read more »

Posted on : Monday , 2nd January 2017

 Five East African countries have joined forces with the aim of forming a single currency area by 2024. Since the project’s inception in 2000, Kenya, Uganda, Tanzania, Burundi, and Rwanda have been laying the groundwork for greater economic integration. Measures such as establishing a Customs Union has helped streamline border clearances, simplify work permit issuance, and ensure the recognition of professional agreements.... Read more »

Posted on : Monday , 2nd January 2017

 The Kenya Ports Authority (KPA) plans to upgrade Mombasa port into an ultramodern cruise complex with a lounge, restaurants, souvenir shops and reception counters at berths 1 and 2. TradeMark East Africa (TMEA) (TMEA) has teamed up with the KPA to build the facility in the next six months in efforts to boost tourist earnings. Tourism secretary Najib Balala said Mombasa’s favourable status as a cruise ships stopover.... Read more »

Posted on : Monday , 2nd January 2017

Juniper Glass announced that it has received all regulatory approvals necessary to conclude the final investments in its US$70 million greenfield container glass factory in Debre Birhan, Ethiopia.   Juniper is working closely with leading global glass engineers and equipment suppliers to build a state-of-the-art factory, which will use the latest available technology in glass manufacturing. The new factory, which is under construction,.... Read more »

Posted on : Friday , 30th December 2016

Addis Ababa — Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia.   The three loan agreements already approved will finance two road construction projects in Ethiopia's capital Addis Ababa and upgrade the capital's electric grid system, according to Birhanu.... Read more »

Posted on : Friday , 30th December 2016

A FEASIBILITY study for the rehabilitation of the 79-kilometre road network stretching from Ngororero, Nyabihu and Musanze town to the Rwanda-Uganda border at Cyanika is complete and the works will begin soon.   The rehabilitation project will require at least $85 million (about Rwf70 billion) to complete, according to the feasibility study done by Rwanda Transport Development Agency (RTDA).   Olivier Kabera, the coordinator of.... Read more »

Posted on : Friday , 30th December 2016

Musanze District investors have proved that union is strength as final touches are being put on the modern market constructed by a local association.   The construction of the market by Gorilla Investment Company (GOICO) started two years ago and owners say that by February next year, the market will have been opened.   It is constructed in town on the same old plot which hosted decades-old market.   It is set to attract.... Read more »

Posted on : Friday , 30th December 2016

Ruangwa — Lindi Regional Commissioner Godfrey Zambi has issued a two-week ultimatum to Ruangwa District's residents to construct toilets as part of efforts to check water-borne diseases, especially cholera.   Mr Zambi ordered the District Commissioner, Mr Joseph Mkirikiti, to embark on a house-house inspection by January 15, next year and impose a 50,000/- fine to those failing to comply with the directive.   The RC issued.... Read more »

Posted on : Friday , 30th December 2016