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Infrastructural gap poses challenge on industrial park
Spread the NewsDebre Birhan Industrial Park (DBIP) said Tuesday that delays in the infrastructural gap development is posing a challenge to attract more investors. “The park has developed 10,000 hectare of land for investment. However, lack of road construction taking to DBIP is a predicament,” said Yeshitla Mulugeta, General Manager of Debre Birhan Industrial Park…
Ethiopia assigns UNOPS to implement $300 mln recovery program in Tigray
Spread the News Ministry of Finance (MoF) announced Tuesday that the government has assigned the United Nations Office for Project Services (UNOPS) to implement the World Bank-funded recovery program in Tigray region. The government signs a Third-Party Implementation Agreement with the UNOPA for the implementation of the program, according to a statement from MoF. The…

Ethiopia seeks 1 trn Birr for recovery, reconstruction
Spread the NewsBy Yared Nigussie The government disclosed that estimated cost of reconstruction and recovery for Ethiopia in the aftermath of the war that has been actively held for two years amounted at least 1 trillion Birr. Ethiopia’s federal government and regional forces from Tigray agreed last week Wednesday, November 2, 2022 to cease hostilities…

Dashen Bank, National ID program partner to equip customers with digital ID
Spread the NewsDashen Bank and National ID Program of Ethiopia signed an agreement on Friday to enable customers of the bank to get a digital ID. The agreement program on Friday was held at the headquarters of Dashen Bank. Asfaw Alemu, CEO of Dashen Bank said, “The absence of digital ID has retarded the growth…

Contractors complain of high cement prices
Spread the NewsGirma Hailemariam (Eng.), President of the Ethiopian Contractors Association told Ethio Trade and Investment Forum radio show that contractors are complaining of skyrocketing prices of cement and other construction materials. “The contractors are even starting to cease construction due to the price hike,” Girma said. A quintal of cement is sold from 1250…

Derba Cement to build second plant
Spread the NewsBy Kaleyesus Bekele Derba Cement is going to build second cement manufacturing plant at a cost of 300 million dollars. The company has selected the Chinese construction company, Sinoma International Engineering to build the new line. CEO of Derba Cemenet Haile Assegidie and Han Xuefeng, Regional Marketing Director, Sinoma International Engineering, signed the…