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Rental rate for sheds in Hawassa industrial park revealed

Addis Ababa, April 23, 2016 (FBC) – The rental rate to own sheds in Hawassa industrial park announced today. In the first four years, the rental rate is 2 US…

Why the wealth of Africa does not make Africans wealthy

(CNN)Katanga province in the Democratic Republic of Congo is blessed with enormous natural wealth, including vast deposits of precious minerals such as diamonds, gold, and tantalum. Katanga saw a spectacular…

Incentives for local investors engaging in Hawassa industrial park announced

Addis Ababa, April 22, 2016 (FBC) –The government of Ethiopia has today announced the incentives it would offer to local investors interested to engage in Hawassa industrial park. Dr Arkebe…

Ethiopia among top 10 African countries with highest number of hotel rooms to be built in 2016

Addis Ababa, April 17, 2016 (FBC) – Ethiopia and Kenya are among the top 10 African countries with the highest number of hotel rooms to be constructed in 2016, thanks…

Despite low numbers, the Ethiopian car industry races ahead

Addis Ababa (CNN)For a population of 97 million, Ethiopia has just 84,000 registered vehicles. Most of these are imported, but there is an emerging field of foreign companies manufacturing cars…

Egypt, Saudi Arabia to construct Red Sea bridge

King Salman and President Sisi signed eight agreements in different fields ranging from housing to electricity. A bridge over the Red Sea that separates Egypt and Saudi Arabia is to…