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Ethiopia, Japan sign grant agreement of $3.5 mln for procurement of mobile clinic vehicles
Spread the NewsMinistry of Finance (MoF) and Japan’s government on Wednesday signed a grant agreement of $3.5 million for the procurement of mobile clinic vehicles. The agreement was signed between Semereta Sewasew, State Minister of Finance and Ito Takako, Ambassador of Japan to Ethiopia at the headquarter of the MoF. Under the grant, ten mobile…

Dashen Bank’s 230 mln Birr data center inaugurated
Spread the NewsDashen Bank has inaugurated Thursday a modern Tier III data center built at a cost of 230 million Birr. The new data center consists of 1,000 servers and other network equipment’s. The center will enable to provide banking services throughout the year. The data center, which is equipped with modern international standard equipment’s,…

Derba Cement attacked by unidentified men
Spread the NewsUnidentified men have attacked Derba Cement Factory PLC. The attack was perpetrated by a group of men on December 19, 2021. They have destroyed and burned down the most expensive machineries. As a result the factory has ceased its production, sources told Origins Media. In addition to the cement it supplies to the…

Ethiopia receives natural gas reserves certificate
Spread the NewsThe Ministry of Mines received the first gas reserves certificate after the completion of a five month study, which verified the extent of oil and natural gas reserves in Ethiopia and how it’s going to be extracted. Netherland, Sewell & Associates, Inc (NSAI) spent five months to conduct the regional geology and mining…

Gov’t seeks to boost mining sector share in Ethiopia’s GDP
Spread the NewsThe government disclosed that it has a plan to boost mining sector share in the Gross Domestic Product (GDP) of the country. Mining contributes only 1% to the GDP of Ethiopia. “We’ve a plan to increase mining’s sector to 17% in ten years,” Takele Uma (Engineer), Minister of Mines said Thursday while the…