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Industry News

Country launches new dam project to boost agriculture

The Ethiopian authorities have just selected three companies for the construction of the Kaza dam as well as the development and rehabilitation of new irrigation facilities. This project will require an overall investment of $139.4 million. A new dam will be built in Ethiopia. The Ethiopian Irrigation Development Commission has just appointed three companies to […]

Rural electrification to unlock $4 billion in Ethiopia’s economy

  ​A new report released by Rocky Mountain Institute states that linking agriculture and rural electrification in Ethiopia could help the country unlock up to $4 billion in its economy. Linking the two sectors can help Ethiopia to address threats posed to its economy by food insecurity from locust infestations, water scarcity and cases of […]

Orchid Business Group, Enel Green Power Win Solar Development Project in Ethiopia

A consortium of Enel Green Power, a subsidiary of Italian power giant Enel, and Ethiopian infrastructure company Orchid Business Group has won a 100MW (AC) solar tender floated by the utility Ethiopian Electric Power (EEP). The Ethiopian government agency invited proposals in May 2016, before five firms were shortlisted for the technical and financial proposal […]

Inside Ethiopia: Chinese Ceramic eyes export markets

Stretching on a 26,000 sq. m. factory shade at the Eastern Industry Zone, the Chinese DI YUAN Ceramics PLC has started to ship flooring and wall tiles to Somaliland and Djibouti this week, making good on its promise to target neighboring markets in the regions. During an exclusive visit to the factory floor on Wednesday, […]

FinTech is disrupting the digital transformation of banking in Africa

The 2nd Edition of Finnovation Ethiopia 2019 opened yesterday at the Radisson Blu Addis Ababa, where more than 200 international FinTech experts together with African pioneers, investors, entrepreneurs and leading bankers, gathered to harness the FinTech revolution to boost strategic economic priorities such as financial inclusion and deepening – and how FinTech can make a […]

New water bottling company in Ethiopia joins the burgeoning Industry

Kefeta Spring Water, a new water bottling company in Ethiopia has joined the competitive industry with an investment of 62 million Br (US$1.9m) and partial financing from The Development Bank of Ethiopia (DBE). Despite the recent mushrooming of water bottling companies in the country, all 97 present bottlers produce only 3.7 billion litres of water […]

Visiting Arba Minch and Nechisar National Park

Arba Minch is a district and city in southern Ethiopia. It consists of 2 areas: Schecha, the uptown administrative center, and Sikela, a commercial and residential zone 8 miles away. The greatest attraction for tourists in the area is Nechisar National Park, an opportunity to see Ethiopia’s varied wildlife and plant species up close. The […]

First High-Level Cyber Security “Boot Camp” To Be Held in Ethiopia

Increasing cyber threats impede business operations and stifle growth. The need to more effectively handle and stymie these threats by creating effective and reliable cyber security systems is a deep responsibility. To address this, ECS Ethiopia, a local provider of cyber and infrastructure solutions, is offering its highly anticipated cyber-security ‘bootcamp’ course for managers between […]

IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder farmers. The loan is co-funded by the Dutch development bank (FMO) and Dutch banks Cooperative Rabobank U.A. (Rabobank) and ING Bank N.V. […]