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Ethiopia Oil Refinery Planned as Blackstone Pipeline Shelved

Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved. The proposed 120,000…

Ethiopian commences transporting horticulture produce directly from Bahir Dar to Belgium

Addis Ababa, January 26, 2018 (FBC) –In order to reach the world market for horticulture, the Ethiopian Airlines (Ethiopian) yesterday began direct flights to Belgium from Bahir Dar, the capital…

Ethiopia could be sitting on one of world’s great untapped gold deposits

To the west of Ethiopia near the Sudanese border lies a place called the Asosa zone. This may be the location of the oldest gold mine in the world. Dating…

Ethiopia to build railway academy with close to $60 mln

Addis Ababa, January 13, 2018 (FBC) –The Ethiopian Railways Corporation (ERC) said the construction of a new railway academy will start next September. The academy will be built in the…

British company to build $100mln textile, garment factory

Addis Ababa, Janaury 8, 2017 (FBC) – The British company Intrade UK Ltd. has concluded today an agreement to build a 100 million US dollars textile and garment factory at…

Premier Appoints Deputy to Chair MetEC Board

Demeke Mekonnen, deputy prime minister, has been appointed by the Prime Minister to chair the board of directors of the state owned Metals & Engineering Corporation (MetEC), replacing Minister of…