Category: Economy

Grand Renaissance Dam in deep water

 MeTEC under fire  for causing delays and extra costs Salini’s delay claim adds to GERD crisis Remaining work outsourced to Alstom & Voith The construction of the massive Grand Ethiopian Renaissance Dam (GERD) along the Nile, a project treated as…
Ethiopia looks to boost textile export to Europe

Ethiopia’s burgeoning textile sector is hoping for European market access as eight manufactures showcased their products at the Texworld/Apparel Sourcing Paris that took place from 11 February until 14 February, 2018 in Le Bourget, Paris. The eight manufactures, Almeda Textile…
Indian farm conglomerate closes operations

Karuturi Global Ltd., the Indian farm conglomerate that has been active in Ethiopia for the past seven years after acquiring more than 100,000 ha to produce food for foreign markets halted its investment activity and left country, the CEO Ramakrishna…

Responding to damning reports of the Ethiopian house of people’s representatives last Wednesday, Kinfe Dagnew, head of the state-owned Metal and Engineering Corporation (METEC), also a military general, spent much of his time on the defensive. His corporation ventures the…