Market News | Buildexpo Ethiopia 2017

Market News

  • Ethiopia: Local Cement Production Supporting Construction Boom

    Posted on :Tuesday , 28th March 2017

    The construction industry is booming in Ethiopia. Years ago, the country had been importing cement at huge costs for its developmental projects. In 2010/11 the country imported 0.3 million tonnes cement by spending millions of USD. However, owing to the growing numbers of cement factories, these days, the country has begun exporting beyond meeting local consumption.

     
  • Ethiopia Attracting Investments

    Posted on :Friday , 24th March 2017

    Ethiopia is attracting foreign investors. And what’s attracting them is the prevalence of peace, smooth business transaction, a conducive custom and tax system. In addition development of infrastructure such as roads railway and energy is playing a crucial role in encouraging investment flow. Among the investors are, Chinese, Indian and Turkish industries taking the lion's share. Investme. . .

  • Ethiopia: GERD Studies Going As Per Schedule - Minister

    Posted on :Wednesday , 22nd March 2017

    The two consulting firms chosen to conduct studies on the Grand Ethiopian Renaissance Dam (GERD) have been carrying out their operations as per schedule, according to Ministry of Water, Irrigation and Electricity.

     
    Water, Irrigation and Electricity Minister Dr. Eng. Sileshi Bekele stated that the firms have been conducting their studies since last month and the study. . .

  • Ethiopia: Construction of New 50,000-Seater Stadium on the Cards

    Posted on :Monday , 20th March 2017

    The Addis Abeba Youth & Sport Bureau has opened the technical portion of a bid for the construction of Aqaqi -Qality stadium. This is the second time that the project has been floated for bids. The first bid in 2013 , in which local construction company Tekleberhan Ambaye came out on top with an offer of 1.3 billion Br, was cancelled. Although the area of the stadium has not been finalized,. . .

  • Ethiopia: Roads Authority Awards Construction Contracts Worth $350 Million

    Posted on :Thursday , 16th March 2017

    The Ethiopian Roads Authority (ERA) awarded Monday a 7.9-billion Birr road construction and maintenance projects to six local and foreign contractors.

     
    The projects with 468 kilometers of length combined would generate over 3,500 jobs.
     
    ERA Director-General Araya Girmay and the managers of the construction companies signed the contracts.. . .

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