YMG and Habesha Gold Mining companies, which is owned by Israeli investors, held a discussion with Lelise Neme, Ethiopian Investment Commissioner and Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commission (EIC), respectively, updated them about the progress of their investment and promised to promote the investment to other peer Israeli investors.
Spread the NewsBusinesses involved in the furniture, construction and finishing products as well as technologies urged on Wednesday to reduce furniture imports. A survey conducted by the Chemical and Construction Materials Input Development Institute in 2018 show that the government imported 10.9 billion Birr worth of furniture and bamboo products in foreign exchanges. Ethiopia is…
Spread the NewsMelaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the…
Spread the NewsMinistry of Mines has pledged to facilitate activities to resolve security threats that gold miners, who are working in Benishagul-Gumuz region have been facing. Accompanied by Ashadli Hassan, President of Benishangul Gumuz region, Takele Uma, Minister of Mines visited gold miners in Kurmuk in the region on Tuesday. After the visit Takele held…
Spread the NewsZY, the first of its kind and modern vehicle spare parts factory is poised to start operations in Addis Abeba. Media reports indicated that the first car parts factory has opened in Addis through a partnership between Ethiopian and Chinese shareholders. The factory, which was established with a budget of over 10 million Birr, is…
Spread the NewsEthiopia has garnered $390 million from exports of the manufacturing industry, Melaku Alebel, Minister of Industry, said Tuesday. Melaku pointed out that the performance was 87 percent of the target set for this Ethiopian fiscal year. “Activities will be conducted to boost industrial export earnings,” he said, adding that, “Solving the difficulties in…
Spread the NewsBunna Bank Share Company, among the most profitable banks in Ethiopia, has awarded its customers who received remittance through its formal banking system. The award was given to 31 lucky customers on Thursday at the Headquarters of the Bank located around Bole Rwanda area in Addis Abeba. The award of the Bank forwarded…
