Ethiopia Coal ProductionCoal production at the national level will help to recover costs incurred in foreign currency expenditure on the mineral beyond encouraging investors to the energy sector, according to Ministry of Mines and Petroleum.

In its 73rd regular session, Council of Ministers has approved a regulation on issuance of license for coal and chromites mining on August 24, 2019 to promote investments in mining industry.

Case Team Coordinator for Mineral Licensing at the Ministry of Mines and Petroleum, Leul Gebre, told ENA that the government has been taking various measures to encourage investments in coal, it was learned.

Amending energy proclamation and licensing potential companies who wish to invest in the sector are some of the measures that Ethiopia has taken in mining industry, he indicated.

He pointed out that Ethiopia’s potential in coal deposits have already been studied and identified in Amhara, Oromia and Southern Nations, Nationalities, and Peoples’ (SNNP) regional states.

According to the Geological Survey of Ethiopia, there are 17 main locations in which potential coal resources have been identified which amounts over 360 million tons of coal.

Coal fossil fuel generates around 40 percent of the world’s electricity and about 25 percent of the world’s primary energy. 

Source :- https://www.ena.et/en/?p=9947

AHIFMinister of Culture, Dr. Hirut Kassaw, said that Ethiopia is not benefiting enough from its potential resources of tourism.

She made the remark on day two of the 2019 edition of Africa Hotel Investment Forum (AHIF), opened in the Ethiopian capital Addis Ababa yesterday.

The Minister said both Ethiopia and Africa are not taking advantage of the opportunities offered by the tourism industry.

However, Dr. Hirut said, the Government of Ethiopia is now taking various initiatives to increase tourism in the country.

AHIF is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies, and their advisers.

The Forum attracted participants from more than 52 countries.

Source: https://fanabc.com/english/2019/09/ethiopia-taking-different-initiatives-to-increase-tourism-minister/

Ethio SudanThe Ethio-Sudan business forum started in Addis Ababa today in the presence of ministers, ambassadors, and stakeholders from both sides.

In his opening remark, Ethiopia’s Minister of Finance, Ahmed Shide, said the forum is vital to boost the trade ties between the two countries.

Wajdi Mirghani, President of the National Chamber of Exporters of Sudan, thanked Prime Minister Dr Abiy Ahmed of Ethiopia for his contribution in promoting peace in Sudan.

People of the two countries have strong social, political, and economic relations, he said.

Source: https://fanabc.com/english/2019/09/ethio-sudan-business-forum-opens-in-addis-ababa-2/

Privatization EthiotelecomMinistry Invites Advisory Firms for Partial Privatization of Ethio Telecom.

Briefing journalists, Finance State Minister Eyob Tekalegn said,“We have issued an expression of interest to hire a transaction advisory firm to lead the partial privatization of ethio telecom.”

The request for expressions of interest for a transaction advisor firm for the process of patrial privatization of ethio telecom posted today on the website of the ministry will be closed after two weeks.

Public Enterprises Holding and Administration Agency will select and probably engage the consulting firm on November 1, 2019, Eyob added.

Ethio telecom has hired the international firm KPMG recently to support the valuation and sales process.

The state minister further revealed that the process of privatizing sugar factories is underway and energy reform roadmap is being finalized.

Source: https://www.ena.et/en/?p=9857

Ethio construction ExhibitionThe 16th Ethio-con international building and construction exhibition opened in Addis Ababa today.

Minister of Urban Development and Construction, Engineer Aisha Mohammed, other officials and stakeholders attended the opening ceremony.

The four-day event would contribute a lot towards bringing together stakeholders to share experiences and promote new technologies, said the Minister.

Source:  https://fanabc.com/english/2019/09/ethio-con-intl-building-and-construction-exhibition-opens-in-addis/