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Articles by Temesgen Mulugeta
Two Local Airports to be Equipped with Weather Systems
Two Local Airports to be Equipped with Weather Systems weather-station-620 The National Meteorology Agency is set to install weather systems that will provide real-time information and reports on weather conditions at Hawassa and Kombolcha airports. The Agency will cover the seven million Birr cost of the Automated Weather Observing System, the tender it announced last week.
Agency Swaps Outdated Base Year in Inflation Measurements
Agency Swaps Outdated Base Year in Inflation Measurements The revision led to a 1.3pc difference in inflation from previous report The Central Statistical Agency (CSA) has revised the Consumer Price Index (CPI) for a basket of goods and services, prices set as the basis for inflation rate measurements. The Central Statistical Agency (CSA) has revised the Consumer Price Index (CPI) for a basket of goods and services, prices set as the basis for inflation rate measurements.
Veterinary Institute to Produce Animal Meds
Veterinary Institute to Produce Animal Meds The institute built the pharmaceutical plant for 100 million Br The new animal pharmaceutical factory in Bishoftu (Debre Zeit) was built by the National Veterinary Institute with an investment of 100 million Br. The National Veterinary Institute is ready to begin production of animal pharmaceuticals at a plant in Bishoftu (Debre Zeit).
The Outcome of Hydroxychloroquine in Patients Treated for COVID-19: Systematic Review and Meta-Analysis
Background. The pandemic of coronavirus disease 2019 (COVID‐19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) resulted in an unprecedented public health challenge worldwide. Despite urgent and extensive global efforts, the existing evidence is inconclusive regarding the medications used for the treatment of COVID-19. Purpose.
Ethiopia: Tulu Kapi Welcomes Local Private Shareholder
The local company is going to avail one billion Birr worth of shares KEFI Minerals and the government reached an agreement in 2017 to let a local investor join them, and ANS Mining S.C. was invited into the partnership the next year. ANS Mining S.C., a company formed by banking and insurance industry gurus, has joined Tulu Kapi Gold Mines as a shareholder.
Ethiopia: Auto Dealer Jumps Into Water Bottling, Juice Processing Business
A local automotive importer has ventured into a new industry by setting up a mango juice processing and water bottling business with an investment of 150 million Br. Sendelet Food Processing, a subsidiary of Risiq Group, set up a juice and water bottling plant in Burayu, Taxeq Industry Zone, West Shoa, Oromia Regional State. The plant is expected to start production in the middle of this month. The juice will be branded Omango, while the water will bear the brand name Owater.
Ethiopia: Development Bank Finances Local Paint Maker
DBE approved 29.6 million Br loan to Bright Paints. A local paint maker secured a 29.6 million Br loan from the Development Bank of Ethiopia (DBE), the state policy bank, to double production capacity. Bright Paints Factory secured the loan in the middle of last month and has already started the construction of the expansion inside its plant located at Gelan, some 25Km Southeast of Addis Abeba.
Ethiopia: Bank Robbery Rampant As Police Fail to Arrest Perpetrators
Armed bank robberies are up across the capital. While observers lay the blame at the feet of a weak process for vetting security guards and a lack of surveillance technologies, others point to law enforcement's inability to solve many of the cases, reports TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Ethiopia: Diageo Expands Malt Bottling Plant's Horizon
Meta Abo Brewery, a Diageo company, completed the expansion of its non-alcoholic beverage factory that produces the first Malta Guinness packed in plastic bottles for 14 million dollars. The new plant, located on the premises of the factory in Sebeta, 20Km outside of the capital city, has a capacity to produce 32,000 bottles an hour. The construction of the plant took a year and created jobs for 270 people.
Ethiopia: Hidase Gears Up for Headquarters Construction
The company is in a court battle with Tekleberhan Ambaye Construction Hidase Telecom, a local telecom products and services distributor, started the construction of a mixed-use headquarters and business complex for an estimated half a billion Birr investment. The headquarters, which will be built in the Hayahulet area will have 19 floors and four basement levels. To rest on 1,500Sqm of land, the building is planned to be completed within three years.
Ethiopia: Banks Use Prizes As Magnet for Forex Mobilisation
More and more banks are offering lotteries that bestow prizes on customers who bring in forex through remittances. Some banking customers say they look forward to the annual or seasonal raffles, but other banks and experts fail to see the strategy doing much to ameliorate the forex crunch, reports TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Ethiopia: Abay Industrial Ventures Into Garment Industry
Abay Industrial Development S.C., the economic wing of Amhara Regional State, has set up its fourth manufacturing plant in Gonder town for 452 million Br. Abay Garment Factory, located 500Km north of the capital, rests on four hectares of land with three sheds each covering 4,618Sqm of land. The plant will make polo shirts, T-shirts, trousers, jeans and khaki trousers. Having a production capacity of 26,000 pieces a day, the factory is expected to create job opportunities for 565 employees.
Ethiopia: Royal Trains Leave La Gare for Palace
The four historical royal wagon trains, which were used to transport the royal family and their cabinet, were relocated to the Jubilee Palace from La Gare. The trains that were kept out of operation for decades were moved to the Palace in the middle of last week to make space for the construction of 1,680 condominium housing units that are planned by the City Administration.
Ethiopia: Locally-Made Water Purifier Breaks Into Market
Tulip Addis Water, a local manufacturer that specialises in water treatment technology, invested 60 million Br to set up a tabletop water filter company in Debre Birhan, Amhara Regional State. Having a capacity of producing 500,000 filter units a year, the plant that is located some 130Km from the capital city will supply 13lt and 20lt filter models to the market.
Ethiopia: Commission Urges Importers to Clear Cargo Within Two Weeks
The Customs Commission is set to force importers to remove their goods from its warehouse within two weeks from the day they are stocked. Previously, importers could store their goods for up to two months until they can collect the goods after paying taxes and duties. Importers are expected to remove their goods within two weeks, and if they fail to comply with the new time frame, they will pay an additional 20pc as a form of penalty, according to the new procedure.
Ethiopia: Two Firms Step Up to Supply 80,000tn of Wheat
The winner is expected to be announced in the coming two weeks Two international companies gave the lowest offer of a combined 24.5 million dollars to supply 80,000tn of wheat for the fourth phase of the Productive Safety Net Programme. Hakan Agro DMCC and Promising International offered the lower prices for the wheat that will be stored in Dire Dawa, Adama and Kombolcha. The winner is expected to be announced in two weeks time.
Ethiopia: Ministry to Procure 440m Br of Wheat for Safety Net Programme
The government will procure 80,000tn of wheat grain worth an estimated 440 million Br. Financed by the World Bank, the procurement is the fourth phase of the Productive Safety Net Programme. The Public Procurement & Property Disposal Service, on behalf of the Ministry of Agriculture, announced a tender this month inviting companies to supply wheat that will be used for the Safety Net Programme. The financial opening is scheduled to take place on November 26, 2019.
Ethiopia: Nation Welcomes Eighth Dry Port to Facilitate Trade With Sudan
The port is expected to be operational at the beginning of December The construction of a new dry port in Wereta, in northern Gonder of Amhara Regional State, has been completed at a cost of 90 million Br. The port is expected to facilitate Ethiopia's trade with Sudan. Expected to be operational in the first weeks of December, the cost of construction was covered by the Ethiopian Shipping & Logistics Enterprise, the state-owned shipping giant.
Ethiopia: Nation's First Centre of Excellence for Teff Sprouts Up
The construction of the centre started two years ago The nation's first centre of excellence for conducting research on teff, a fine grain indigenous to Ethiopia, will be established in Debre Zeit, Oromia Regional State. Costing 40 million Br, it will be financed by the Danish government and administered by the Agricultural Transformation Agency (ATA), the seven-year-old Agency established to increase productivity under the Ministry of Agriculture.
Ethiopia, Djibouti Buttress Trade Routes
The road project cost 159 million dollars In an effort to strengthen the trade relationships between their countries, Ethiopia and Djibouti have built an 80Km road project that connects the port city of Tadjoura to the northeastern part of Ethiopia. The project was inaugurated last week. The road project, which is nine metres wide, cost 159 million dollars and was fully financed by the Kuwait Fund for Arab Economic Development. The funding was dispersed in three phases.
Ethiopia: City Launches New Housing Projects As Enthusiasm for Condos Wane
Out of the 835,000 city residents who have registered for condominium housing since 2005, only about 21pc have received houses thus far. This backlog has not thwarted the City Administration's aggressive optimism, however, as the institution headed by Deputy Mayor Takele Uma last month announced the immediate construction of 20,504 new units in centre city districts, writes TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Ethiopia: Unrest Scares Businesses Away, Rouses Humanitarianism
Racked by intercommunal violence two weeks ago that is said to have killed 78 across the country, Adama is one of many communities dealing with the aftermath of burned down businesses and displaced citizens. While humanitarian groups begin collecting donations and dispersing aid to the victims, experts place the blame on high youth unemployment, writes TEMESGEN MULUGETA, FORTUNE STAFF WRITER. Fikre Seifu, a resident of Adama, received a phone call in the early morning hours of October 22, 2019.
Ethiopia: Bureau Launches Project to Urbanise Towns
Oromia Regional State has launched a project to upgrade infrastructure facilities of major towns with a total budget of 1.2 billion Br. Implemented by the Oromia Urban Development & Housing Bureau, the Urban Infrastructure & Institutional Development Programme will be implemented in 38 towns. The World Bank will finance 40pc of the total cost of the project, while the rest is covered by the regional government and the administrations of the towns.
Ethiopia: Nation Prepares Tourism Strategies
Ethiopian Tourism in collaboration with the International Financial Corporation (IFC) is preparing both a meetings, incentives, conferences and exhibitions (MICE) and a stopover tourism strategy to increase Ethiopia's tourism competitiveness. Ethiopian Tourism in collaboration with the International Financial Corporation (IFC) is preparing both a meetings, incentives, conferences and exhibitions (MICE) and a stopover tourism strategy to increase Ethiopia's tourism competitiveness.
Ethiopia: Housing Corp Set to Build Apartments for 2b Br
The buildings will have 500 to 600 business and residential units The Federal Housing Corporation is gearing up to construct four mixed-use apartment buildings in the capital for an estimated two billion Birr investment. Three of the apartment buildings will each have 10 storeys with two basement levels and will be built in the Kebena, Kokebe-Tsibah and Misrak Atekalay neighborhoods.
Ethiopia: Chinese Firm Ploughes $70m Into Textile Plant
Kingdom (Ethiopia) Linen Plc is building a large plant in Adama for 200 million dollars Kingdom (Ethiopia) Linen's yarn factory is expected to be operational after two months. A Chinese company set up a new export-oriented yarn plant in Adama, Oromia Regional State, with an investment of 70 million dollars. Kingdom (Ethiopia) Linen Plc built the integrated plant on 2.9ha of land and plans to produce 5,000tn of linen yarn annually, generating 45 million dollars from exports.
Ethiopia: Local Detergent Maker Boosts Capacity With $3m Investment
By Temesgen Mulugeta() The expansion will enable the company to nearly triple its capacity A local manufacturer of consumer goods plans to invest three million dollars to expand its spray drying detergent powder plant's production capacity. East African Tiger Brand Industries plans the expansion inside Eastern Industrial Zone in Dukem, some 40Km west of the capital. To hire a company that will construct the new plant, East African Tiger has floated an international tender.
Ethiopia: Bureau Seizes Aggregates Poached From Railway Corporation
By Temesgen Mulugeta The regional mining bureau in Oromia confiscated 29,000tn of construction material in Adama town "stolen" from the Ethiopian Railway Corporation. Worth 12 million Br, the materials were unused leftover material from the construction of the Ethio-Djibouti railway project, which has been operational since January 2018. It was confiscated at Dabe Soloqe Kebele, 90km from the capital.
Ethiopia: State to Electrify Tulu Kapi Gold Mine
By Temesgen Mulugeta EEP announced a bid to hire a company for the substation's construction Formed by a joint venture of the British company KEFI Minerals and the government of Ethiopia in April 2015, Tulu Kapi Gold Mine S.C signed a long-term mining agreement with the then Ministry of Mines. The government has started the process of building a power substation to supply Tulu Kapi Gold Mine, which recently faced an attack by an armed group.
Ethiopia: Ministry Scolds Exporters About Under-Invoicing
By Temesgen Mulugeta The government is wagging its finger at major sesame exporters suspected of under-invoicing, warning them to stay away from the act. The Ministry of Trade & Industry sent a warning letter three weeks ago to the exporters, copying the National Bank of Ethiopia, the Ministry of Revenues, the Office of the Attorney General and the Ethiopian Commodity Exchange (ECX).
Ethiopia: Shipping Giant Invests in Heavy Trucks
By Temesgen Mulugeta() The Enterprise plans to cover 70pc of the cost with loans from the Commercial Bank of Ethiopia and the rest from its own budget. The state shipping giant has begun the process of procuring 150 heavy trucks and 12 car carriers with an investment of one billion Birr to transport freight through the Ethio-Djibouti corridor.
Ethiopia: Ethio-Djibouti Railway Partially Resumes Operation
By Temesgen Mulugeta The Ethio-Djibouti Railway partially resumed operations three weeks after being derailed in East Showa Zone of the Oromia Regional State. However, the train will still not be able to travel during nighttime or during rainstorms. The railway is now transporting cargo carrying wheat and fertiliser. It will not be able to transport passengers until a final decision is made by the Ministry of Transport.
Ethiopia: Easter Expo Sparkles With New Attractions, Few Discounts
By Temesgen Mulugeta Holiday expos of the Easter and Christmas seasons have become cultural fixtures in the city. They are major commercial events involving millions of Birr, hundreds vendors and hundreds of thousands of visitors. The venues are a mix of shopping bazaars, musical entertainments and themed parks that try to draw the public with the lure of discounts, ample supply of product choices and an atmosphere of festivities, reports TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Ethiopia: Train Derailment Results in Over 200m Br in Damage
By Temesgen Mulugeta An Ethio-Djibouti Railway cargo train that derailed three weeks ago in East Shewa Zone of the Oromia Regional State caused an estimated 200 million Br to 300 million Br in damage. A 53-wagon cargo train of the Ethio-Djibouti Railway derailed on April 4, 2019, some 15Km from the town of Metehara, while travelling from Addis Abeba to Djibouti.
Ethiopia: Fasting Season, No Longer Boon for Fish Industry
By Temesgen Mulugeta() The Ethiopian fish industry has been in decline for the last three years due to overfishing, the dumping of toxic chemicals, waste in lakes and rivers and the infestation of water hyacinth in major lakes like Tana. The decline in fish production has affected fishmongers and consumers alike, where a general decline in both demand and supply has been recorded in the city, writes TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Ethiopia: Contentious Waste Power Plant to Resume Operations
By Temesgen Mulugeta Partially settling a seven-month-long dispute with contractors, the Ethiopian Electric Power (EEP) is planning to restart operations of Reppie Waste-to-Energy power plant in three months. The controversial project was inaugurated last September after two years of delays. However, it could not continue generating electric power following disputes between EEP and two contractors, Cambridge Industries and its partner, China National Electric Engineering.
Ethiopia: Auditor General Vows to Sue Offices for Audit Gap
By Temesgen Mulugeta Addis Abeba's Auditor General Office has vowed to bring bureaus under the city administration that do not address audit gaps before the law this coming March.
Ethiopia: MOENCO Invests 700 Million Br in Service Center
By Temesgen Mulugeta Motor & Engineering Company of Ethiopia (MOENCO), the sole importer of Toyota vehicles, is constructing a Toyota Service Centre for 700 million Br. The new facility will have 80 service bays and can maintain up to 25,000 vehicles a year. The centre will be located in Aqaqi-Qality district on a 20,000Sqm plot. Construction of the project started in December 2018 and is expected to be completed by the end of 2020 when it will provide job opportunities for 300 people.
Ethiopia: Two Local Airports to Be Equipped With Weather Systems
By Temesgen Mulugeta The National Meteorology Agency is set to install weather systems that will provide real-time information and reports on weather conditions at Hawassa and Kombolcha airports. The Agency will cover the seven million Birr cost of the Automated Weather Observing System, the tender it announced last week. This will be the Agency's second attempt to procure the system after originally floating a tender on October 19, 2018, which was cancelled after only one firm submitted a bid.
Ethiopia: Two Local Airports to Be Equipped With Weather Systems
By Temesgen Mulugeta The National Meteorology Agency is set to install weather systems that will provide real-time information and reports on weather conditions at Hawassa and Kombolcha airports. TravelWireNews Chatroom for Readers (join us) The Agency will cover the seven million Birr cost of the Automated Weather Observing System, the tender it announced last week.
Ministry Embarks on National Sanitation Survey
Ministry Embarks on National Sanitation Survey The findings of the first survey was not announced yet Sileshi Bekele (PhD), Minister of Water, Irrigation & Electricity. The government kicked off the second sanitation survey using 4,075 tablet computers procured for 2.1 million dollars by the African Development Bank (AfDB).
Ethiopia: New Regulation Broadens Energy Authority's Scope
By Temesgen Mulugeta The Council of Ministers approved a regulation that empowers the Ethiopian Energy Authority to regulate energy efficiency performance standards of equipment and appliances. Approved on December 15, 2018, the 40-page draft regulation took four years to finalize and was pushed back to the Authority for a revision six times before its final approval.
New Regulation Broadens Energy Authority’s Scope
New Regulation Broadens Energy Authority’s Scope The Authority will regulate energy efficiency performance standards The Council of Ministers approved a regulation that empowers the Ethiopian Energy Authority to regulate energy efficiency performance standards of equipment and appliances. Approved on December 15, 2018, the 40-page draft regulation took four years to finalize and was pushed back to the Authority for a revision six times before its final approval.
Authority Awards 16b Br for Road Projects
Authority Awards 16b Br for Road Projects The Authority inked agreements with 10 local and foreign companies This is the official map of the Gore-Masha-Tepii road project, which is the most expensive and longest road of the cluster, at 140Km of length and costing 3.8 billion Br. The Ethiopian Road Authority signed agreements for the construction of a network of roads totaling nearly 724Km for 16.3 billion Br. The agreement encompasses 10 road projects across Amhara, Oromia, SNNPR, Somalia and...
Ethiopia: Authority Awards 16b Br for Road Projects
By Temesgen Mulugeta The Authority inked agreements with 10 local and foreign companies The Ethiopian Road Authority signed agreements for the construction of a network of roads totaling nearly 724Km for 16.3 billion Br. The agreement encompasses 10 road projects across Amhara, Oromia, SNNPR, Somalia and Gambella regions. The agreements were signed by Habtamu Tegegne, head of the Ethiopian Roads Authority, and the representatives of five local and five foreign firms on December 13, 2018.
Nation’s Second Toll Road Nears Completion
Nation’s Second Toll Road Nears Completion The Dire Dawa-Dewele toll road is being constructed for 5.9b Br The nation’s second toll road, Dire Dawa – Dewele, will become operational in two months and is slated for an inauguration ceremony to be attended by high officials. Constructed for 5.9 billion Br – 85pc financed by China’s EX-IM Bank – the 220Km asphalt road was recently finalised and only awaits the completion of its toll plazas, the entrances and exits where drivers pay their tolls.
Ethiopia: Authority Renovates Ambassador Park
By Temesgen Mulugeta The park was closed for two years due to delayed bidding processes Addis Abeba River Basins & Green Areas Agency has begun the renovation of Ambassador Park at a cost of 42 million Br. The construction of Ambassador Park, which lies on 9,393Sqm in the Arada District close to Ambassador Theatre along Ras Desta Damtew Street, began five weeks ago. The project is expected to be completed in September 2019 and will be administered by the Arada district.
Ethiopia: Nation's Second Toll Road Nears Completion
By Temesgen Mulugeta The Dire Dawa-Dewele toll road is being constructed for 5.9b Br The nation's second toll road, Dire Dawa - Dewele, will become operational in two months and is slated for an inauguration ceremony to be attended by high officials. Constructed for 5.9 billion Br - 85pc financed by China's EX-IM Bank - the 220Km asphalt road was recently finalised and only awaits the completion of its toll plazas, the entrances and exits where drivers pay their tolls.
Authority Renovates Ambassador Park
Authority Renovates Ambassador Park The park was closed for two years due to delayed bidding processes Addis Abeba River Basins & Green Areas Agency has begun the renovation of Ambassador Park at a cost of 42 million Br. Addis Abeba River Basins & Green Areas Agency has begun the renovation of Ambassador Park at a cost of 42 million Br. The construction of Ambassador Park, which lies on 9,393Sqm in the Arada District close to Ambassador Theatre along Ras Desta Damtew Street, began five weeks...
Ethiopia: Real Estate Firm Selects Architects to Design 25-Storey Complex
By Temesgen Mulugeta A 25-storey apartment, office and entertainment complex has stepped closer to realisation after OIB Oda Real Estate selected K2N Architecture & Engineering Consultancy to prepare a final design. The concept design, prepared by K2N Architecture, was chosen on November 27, 2018, at a ceremony held at Elilly Hotel on Joseph Tito Street. The building will be constructed in front of the headquarters of the Ministry of Health along Sudan Street, close to Black Lion Hospital.
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