ETHIOPIA TO PLANT 5 BILLION TREES DESPITE THE COVID-19 CHALLENGES

Posted on 14 June 202014 June 2020 by Gambeta News

Ethiopia to plant 5 billion trees this year despite the setback caused by COVID-19. This huge plan is building on the success of 2019 which saw the planting of 4 billion trees. Prime Minister Abiy Ahmed Ali is keenly supporting this initiative to make Ethiopia a green country. In a recent tweet, you can see him leading by example in planting trees. Ethiopia is Africa’s second most populous nation and had utilised this strength…

WHY ETHIOPIA-EGYPT GERD DAM WAR IS GOOD

Posted on 26 May 202017 June 2020 by Gambeta News

The continue war over the 145-metre-high, 1.8-kilometre-long Grand Ethiopian Renaissance Dam (GERD) between Ethiopia and Egypt is set to continue with both parties still yet to agree on technical term as Sudan is cut in the middle. When completed, the Dam will become the largest hydropower plant in Africa. With that in mind, both Ethiopia and Egypt are in serious power tussle over the project. Just a few weeks ago, Sudan rejected a proposal from…

SUDAN REJECTS ETHIOPIA PROPOSAL FOR RENAISSANCES DAM

Posted on 14 May 2020 by Gambeta News

Sudan reject Ethiopia renaissances dam deal

Sudan Government has rejects Ethiopia’s first proposal for the renaissances dam project. The proposal was reject after Sudan Prime Minister Abadalla Hamdok instead called for a tripartite agreement between Khartoum, Addis Ababa and Cairo. The rejection from Sudan now means that there can’t be any deal that may sideline Egypt, the country that most needs the Nile waters. The first proposal was not signed due to technical and legal aspects that must be included in…

BOTSWANA CONSTRUCTING EMBASSY OFFICES IN ETHIOPIA

Posted on 10 February 2020 by Gambeta News

Embassy construction to help Botswana strengthen its position in global affairs particularly the African continent. Construction of Botswana’s embassy in ethiopia is making great strive after the latest progress. The project which is at 10 percent progress entails a six-story building, with office apartments. It will also have an accommodation for staff members, maintenance workshops, gatehouse and auditorium. Speaking during a tour, President Masisi of Botswana said ”I am happy that they will now have…

ETHIOPIAN ELECTRONIC SINGLE WINDOW FOR TRADERS

Posted on 10 January 2020 by Gambeta News

Ethiopia launches e-portal for traders – Ethiopian Electronic Single Window for Traders. In other words, this effort will reduce the current paperwork processing time from 44 to 15 days. A huge developmental stride in ensuring that the land-lock nation continues to attract trade, while positioning itself as a regional hub. Prime Minister Abiy Ahmed Ali attended the event flanked by other government and business dignitaries. After that, He tweeted, Today we launched the Ethiopia Electronic…

ETHIOPIA: ADDIS-ABABA NULLIFIES 1,178 INVESTMENT LICENSES

Posted on 7 January 202010 January 2020 by Gambeta News

Addis Ababa City Administration Investment Commission has nullified a total of 1,178 investment licenses for failure to kick-off the projects. Ethiopia’s investment law demands that any project that fails to commence, the licence will be void. Hence, Addis Ababa City Administration Investment Commission standing by this law has revoked 1,178 investment project license. The commissioner of Addis Ababa City Administration Investment Commission, Abdulfeta Yesuf, stated that 1,598 new investment projects with an accumulated sum of USD818…

ETHIOPIA TO IMPORT SOUTH SUDAN OIL

Posted on 6 November 2019 by Gambeta News

Ethiopia will start importing South Sudan oil at cheaper rate compared to the more expensive product from the Middle East. According to Ethiopia’s Minister of Mine and Petroleum Koang Tutlam, 15-20 percent of the money usually spent on importing refined oil from the Middle East has been saved from importing same amount from South Sudan. “We import almost all of our oil and other refined products from the Middle East, but owing to the proximity…

CONSTRUCTION OF ETHIOPIA’S GERD CONTINUES

Posted on 22 October 201922 October 2019 by Gambeta News

Construction of the Great Ethiopian Renaissance Dam (GERD) will continue because of it’s economical benefits. The decision was made by the Prime Minister in response to the query from the members of the House of People Representative (HPR). “Nobody can stop the completion of the flagship project, Ethiopia will continue to build the dam and use it to generate power without committing any harm on the water needs of the neighboring countries. The delay in…

KOREA EXIMBANK GRANTS FUND FOR ETHIOPIA BRT CORRIDOR CONSTRUCTION

Posted on 30 September 2019 by Gambeta News

Ethiopia gets US$63m grants from Korea Eximbank for construction of BRT corridor B6 construction. Korea Eximbank has sign a deal with Ethiopia to fund the construction of a BRT corridor road. The BRT corridor will contribute towards easing transportation problem in the city. Bus Rapid Transit (BRT) corridor is a section of road or contiguous roads served by a bus route or multiple bus routes. With a minimum length of 3 kilometers (1.9 miles) that…

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Posted on 27 May 2019 by Gambeta News

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra. Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline. According to the deal, the ownership of the Airline will consist of three structures. This structures are Ghanaian government having 10%, private investors from West Africa having 415 while…

ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

Posted on 1 May 20191 May 2019 by Gambeta News

Prime minister Abiy Ahmed visits Alibaba to build strategic relationship Prime minister Abiy Ahmed visits Alibaba Group – the e-commerce giant, in Hangzhou. In fact, both leaders are building a relationship that will see Alibaba support Ethiopia’s Development. More so, Jack Ma commends PM Abiy’s reforms in Ethiopia, confirming that Ethiopia is now a key strategic partner which he will visit this year. Click on the floating icon on the right to subscribe. More so,…

CHINA AND ETHIOPIA TO LAUNCH SATELLITE

Posted on 30 April 2019 by Gambeta News

Delegates from Ethiopia inspects a satellite under development in China. As part of plans for Ethiopia to launch satellite, Prime Minister Abiy Ahmed inspects a 70kg Multi-Spectral Remote Sensing Satellite ETRSS-1 under development in China. In fact, the satellite is currently under development in partnership with China Academy of Space Technology. The project is getting support from the Chinese government, and will monitor weather patterns for better agricultural planning, drought early warning and forestry management….

ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

Posted on 29 April 2019 by Gambeta News

Ethiopia’s indebtedness to China grows following energy investment Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country. This agreement will facilitate not only uninterrupted power supply but…

ETHIOPIA SECURES HUGE INVESTMENT DEALS

Posted on 28 April 201929 April 2019 by Gambeta News

Second Belts and Roads Forum was a great opportunity for Ethiopia to secure huge investment deals. Prime Minister, Abiy Ahmed and his delegation were in Beijing attending the Second Belts and Roads Forum for International Cooperation. In fact, the Forum is a brain child by China. It is seeking to foster international collaboration for peaceful development and economic cooperation. Apparently, China is currently Ethiopia’s largest trading partner and a key source of Foreign Direct Investment….

ETHIOPIA AND DJIBOUTI SIGN GAS PIPELINE DEAL

Posted on 18 February 201918 February 2019 by Gambeta News

Ethiopia and Djibouti sign gas pipeline deal Ethiopia and Djibouti have recently signed a gas pipeline deal . The deal involves building of a gas pipeline to transport Ethiopian gas to an export terminal in Djibouti. According to Djibouti’s energy minister Yonis Ali Guedi; the gas pipeline project is the most expensive project ever built in Djibouti also called the the Horn of Africa. The deal also serves as a basis and code for other…

IMPROVING CONDITIONS FOR SOLAR ENERGY INVESTMENTS IN ETHIOPIA

Posted on 13 February 201913 February 2019 by Gambeta News

By Kieran Whyte, Partner and Head of the Energy, Mining & Infrastructure Practice, Mike Webb, Senior Associate, Baker McKenzie Johannesburg, and Yibeltal Shiferaw, on secondment from Tadesse Kiros Law Offices (TKLO) in Ethiopia Ethiopia are preparing for the future through its Solar Energy Investments. Solar Energy is one of the cleanest sources of energy available to humanity; especially in Africa where sunlight is abundant. African Nations are currently combining a number of energy mixes in order to…

32ND AFRICAN UNION SUMMIT KICKS OFF IN ETHIOPIA

Posted on 11 February 201911 February 2019 by Gambeta News

The 32ND African Union Summit for Heads of State and Government of all the 55 African countries is currently on-going in Addis Ababa, Ethiopia. The theme for the 32nd African Union summit is; “The Year of Refugees, Returnees and Internally Displaced Persons: Towards Durable Solutions to Forced displacement in Africa”. During the opening ceremony, chairperson of the African Union Commission Mr. Moussa Faki Mahamat welcomed the assembly of leaders, specially welcoming the new leaders of…

MoUDC TO TRANSFER OVER 30,000 CONDOMINIUM HOUSES TO RESIDENTS IN ETHIOPIA

Posted on 5 February 20195 February 2019 by Gambeta News

In the next six months, MoUDC will transfer over 30,000 condominium houses to residents in Ethiopia. Ethiopia’s Ministry of Urban Development and Construction (MoUDC) will transfer over 30,000 condominium houses (condos) to residents. This news is coming after the minister presented the proposal to the House of People’s Representatives (Parliament). The plan is to transfer 44,000 condos to residents in this Ethiopian fiscal year (2018/19). But MoUDC said it will first start with transferring over 30,000 within the next six month…

AFRICA’s BIGGEST AIRPORT HOTEL OPENS IN ETHIOPIA

Posted on 28 January 201928 January 2019 by Gambeta News

Africa’s biggest airport hotel opens to the public in Ethiopia Ethiopia has opened Africa’s biggest airport hotel in the continent. The 5 star Ethiopian Skylight hotel which is worth $USD 65 million will help boost the nations tourism sector. The hotel is owned by the Ethiopian Airline as a medium to create a more sustainable business; especially through diversified income streams. Ethiopia is planning to lead the African aviation industry, and compete among global airlines. Ethiopian airline…

EAGLE HILL LAUNCH US$2 BILLION COMMUNITY DEVELOPMENT PROJECT IN ETHIOPIA

Posted on 22 November 2018 by Gambeta News

Eagle Hill reveal masterplan for US$2 billion community development project in Ethiopia UAE leading firm, Eagle Hills is set to launch a community development project in Ethiopia. This project will help create more opportunities for residents in the community. Meanwhile, Ethiopia government will receive 27% share from the project. The project will include malls, an apartment house of up to 4,000, three star hotel and creation centre. Meanwhile, before the development will take place, over…

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