dangote cementThe newly built cement plant, Dangote Cement, which owned by the Dangote Group, will be fully operational after a month.Dangote Cement's involvement in Ethiopia in the Oromia regional state, about 85 km west of Addis Ababa, will enable the nation meet increased demand for cement created due to huge infrastructure developments.

The Dangote Cement undertaken with 400 million dollars with annual production capacity of 2.5 million tons makes it the biggest cement plant in East Africa.

Ethiopia which has been engaged on huge investments in infrastructure such as roads, dams, bridges and railways, was forced to import cement to address shortages.

Currently, cement demand in Ethiopia is estimated to be around 7 to 8 million tons per annum, while production stands at 5.4 million tons. Up on fully operational after a month, the Dangote Cement is expected to raise the country's cement production t 8 million tons per annum.

See more at: http://www.ena.gov.et/en/index.php/economy/item/663-dangote-cement-to-commence-production-next-month

Chinas leading economic and trade hub, Guang Dong Province is keen to further boost its trade and investment ties with Ethiopia, Provincial authorities said.

Companies based in the province are interested to engage in infrastructure, energy development, and tourism areas, Guang Dong Provinces Foreign Affairs Office Deputy Director General MrLuo Jun told African journalists in the provincial capital Guangzhou.

Apart from the enabling policy framework of Ethiopia for investment, the government has taken the lead as the first African country to open a consular office in the provincial capital Guang Zhou, where Ethiopian airlines, the national carrier, flies five times a week which accelerate the rate of investment flow to the country, he said.

He expressed hope that as a transit for Chinese entrepreneurs to different African countries Ethiopia will ultimately end up as a good destination for investment from his province.

The investments of telecom companies, Huawei and ZTE, and the recently inaugurated light industrial city project by the shoe giant HuaJian Group are mega investment projects that raise the scale of ties between Guang dong and Ethiopia.

See more at: http://www.ena.gov.et/en/index.php/economy/item/662-guang-dong-of-china-aspires-more-investments-in-ethiopia

texile exportEthiopia’s Textile Industry Development Institute (TIDI) has forecast $ one billion in annual revenue from textile and garment export during the second phase of the growth and transformation plan (GTP II), according to media reports in the country. 

In a bid to make the nation the major exporter of textile products, the government has extended attractive incentive packages to boost production of the manufacturing industry subsector.

 

See more at:

http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=171798

 

mulatu teshomeEthiopian President MulatuTeshome called on South Korean companies to invest in his country saying Ethiopia offers a vast business and investment opportunities.

The President, who is in South Korea attending at the World Water Forum, expressed his desire to see more Korean investors in Ethiopia.

 

 

See more at: http:http://www.ena.gov.et/en/index.php/economy/item/644-ethiopian-president-desirous-to-see-more-korean-investment

 

 

Addis Ababa: April 6, 2015 (FBC) - Balaaji Manufacturing Plc, an Indian owned company is poised to launch the first brand new electrical motorcycle a.k.a "scooty" assembled in Ethiopia.

The company located in Legetafo, Oromia Region, began its factory operations in 2014 on a 3,600sqm plot of land with initial capital of 250,000 dollars and began production on January, 2015. It has now amassed 450,000 dollars of total capital.

 

 

See more at:- http://www.fanabc.com/english/index.php/news/item/2669-scooties-to-be-assembled-in-ethiopia