Ethiopian Ambassador and Plenipotentiary Jemal Beker Abdula stated that his country has surplus tea and coffee that may be exported to Pakistan at reasonable prices.
During a meeting with members of a joint delegation from the Pakistan Tea Association and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he stated as much (PTA). In response, the FPCCI and PTA representatives agreed that Pakistan has a sizable market for tea and coffee but that .... Read more »
Posted on : Wednesday , 30th November 2022
Microsoft established a cooperation with the International Finance Corporation (IFC) to support digital transformation through its Africa Transformation Office.
The goal of this programme is to give farmers access to real-time data-producing digital technologies.
IFC will be in charge of overseeing the programme for digital transformation's corporations and financial management.
The initiative will also get investment, consult.... Read more »
Posted on : Wednesday , 30th November 2022
The visit's objective is to generate the content for phase two of a Sida-supported programme to boost Ethiopia's forest industry.
The project is widely addressing a number of topics linked to sustainable forest management, small-scale forest business, and forest laws. Swedish Forest Agency and the Eco Innovation Foundation are also a part of the project's Swedish consortium, which is coordinated by SLU.
"One of the key goals is to enable Eth.... Read more »
Posted on : Wednesday , 30th November 2022
Roads of 103.5 kilometres will be built on the islands of Unguja and Pemba.
The Zanzibar government has signed a road development contract with Propav, a UK business, in collaboration with Mwananchi Engineering and Construction Ltd, a Tanzanian company (MECCO). The contract calls for the construction of three highways totaling 103.5 kilometres on Unguja and Pemba Islands.
On September 20, 2022, the signing ceremony took place at the offices of the.... Read more »
Posted on : Monday , 28th November 2022
BasiGo will begin building electric buses in Kenya next month, ramping up its production of public transportation vehicles (PSVs) in order to deliver 100 units by the end of next year.
After completing a six-month trial programme in Nairobi, Kenya, the business expects to deliver 15 of the 100 buses, which will be built using parts from China's EV manufacturer BYD Automotive, in January of next year. It also intends to extend its charging infrastructure network, w.... Read more »
Posted on : Friday , 25th November 2022
Yutong and Addis Ababa, Ethiopia, have inked a contract for the purchase of 110 municipal buses. Together with our Ethiopian partners, we work to improve Ethiopia's public transportation system and give locals a better travelling experience. Yutong will keep striving for excellent quality and services while advancing toward a brighter future.
The city administration of Addis Ababa has inked two agreements with Chinese businesses to simplify and improve the city's .... Read more »
Posted on : Friday , 25th November 2022
South Africa plans to prioritize its economic relationship with Kenya to boost trade and investment, Trade, Industry and Competition Minister Ebrahim Patel said.
Trade between the 2 countries last year was only R6.5 billion, which was “not sufficient,†Patel said at a business forum in the Kenyan capital, Nairobi, on 2nd November.
He spoke after South African President Cyril Ramaphosa and his Kenyan counterpart, William Ruto, held ta.... Read more »
Posted on : Monday , 21st November 2022
Efforts are underway to transfer the ownership or management of industrial parks across Ethiopia, authorities confirmed.
It is a policy departure from the past, whereby the initial plan was to keep industrial parks under the ownership of the government at the time when the parks were constructed.
The privatization will be overseen by the Macro Economic Committee, formed by the Prime Minister and the Ministry of Finance, along with the Industrial.... Read more »
Posted on : Monday , 21st November 2022
The UK government has agreed to invest US$4 billion (KES 500 billion) in Kenya to support the country's efforts to combat climate change.
The UK Prime Minister Rishi Sunak met with Kenyan President William Ruto at COP27, agreeing a five-year investment deal that will see climate finance flow into the African country.
These new, clean and green investments will become flagship projects of the UK-Kenya Strategic Partnership.
The projects include: new geothermal an.... Read more »
Posted on : Monday , 21st November 2022
Tanzania will sign key agreements with oil majors including Equinor ASA and Shell Plc next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba.
“It’s happening,†January Makamba said in an interview in Sharm el-Sheikh, Egypt, where he is attending the COP27 international climate summit. “In December, we will conclude the conversation. We are .... Read more »
Posted on : Tuesday , 15th November 2022
The recently formed sovereign wealth fund (SWF), Ethiopian Investment Holdings (EIH), crosses the border to hold stake in a lucrative mega logistics facility in Djibouti.
As indicated by the information that Capital obtained, the 1st overseas investment venture for the SWF will come through a secured 30% stake in an ultra-modern oil port facility, which can comfortably accommodate the latest generation vessels.
The investment holding is said to .... Read more »
Posted on : Tuesday , 15th November 2022
Tanzania's commitment to provide access to specialised and super-specialized healthcare services was given a boost as the Ministry of Health signed an MoU with Egypt's Alameda Healthcare company.
Prof. Abel Makubi, permanent secretary in charge of the Ministry of Health, noted that this was the government's seventh similar agreement, following those with Kenya, Burundi, Rwanda, Israel, India, and Turkey.
According to him, the MoU with the Alamed.... Read more »
Posted on : Friday , 11th November 2022
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