Prime Minister Abiy Ahmed yesterday inaugurated tPrime Minister Abiy Ahmed yesterday inaugurated the Adama industrial park in Oromia regional state.
Lemma Megersa, Chief Administrator of Oromia regional state and other invited guests attended the inauguration of the first phase of the park which lies on 102 hectares.
The industrial park, which was built at a cost of 4.1 billion birr, will create 25,000 jobs once it goes fully operational.
PM Abiy inaugurates Adama Industrial Park
Ethiopia, Italy sign 696 mln birr loan and grant agreement
Ethiopia and Italy have signed a 696-million-birr loan and grant agreement aimed at improving urban water and sewerage services, according to Ministry of Finance and Economic Cooperation (MoFEC).
The agreement was signed by Finance and Economic Cooperation State Minister Admasu Nebebe and Italian Ambassador to Ethiopia Arturo Luzzi.
According to MoFEC Public Relations Director Haji Ibsa, the agreement targets to improve urban water and the sewerage service at different levels.
The director added that 158 million birr of the total is in grant agreement and the remaining 538 million birr in long-term loan.
The agreement will be implemented jointly by Italian Development Cooperation and Water, Irrigation and Electricity Ministry, it was learned.
Omo Kuraz III Sugar Factory to be inaugurated this weekend
Omo Kuraz III Sugar Factory will be inaugurated on Sunday October 14, 2018, according to Ethiopian Sugar Corporation.
The factory is built with 8 billion birr loan obtained from China Development Bank.
It will have the capacity to produce 8,000 to 10,000 quintals of sugar in a day, it was learned.
Omo Kuraz III produces three types of sugar with modern technology targeting the global market demand.
Since the commencement of its construction in 2011, the sugar factory has created jobs to more than 110, 000 citizens and 300 micro and small enterprises.
The inauguration of Omo Kuraz III Sugar Factory raises the number of sugar producing factories in the country to eight, according to Ethiopian Sugar Corporation.
Ethiopian Wins 2018 Africa Lease Deal Award
award by Airline Economics Magazine during the Airline Economics Growth Frontiers Dubai 2018 conference gala dinner.
The Aviation 100 awards recognize aviation’s most outstanding performers, as well as the most innovative and successful finance and leasing deals closed in the last 12 months.
Winners of the Aviation 100 awards are decided by an industry-wide survey, a rigorous vetting process and editorial consideration, according to a statement the airlines sent.
Commenting on the award, Ethiopian Airlines Group CEO Mr. Tewolde Gebremariam said, “We are happy to receive this award from Airline Economics. It’s for the first time that the Japanese financing system, JOLCO, financed an aircraft deal with an African airline.
JOLCO availed financing for our A350 aircraft. The deal shows the strong confidence of reputed global financiers in Ethiopian balance sheet and business plan.”
It is to be recalled that Ethiopian Airlines had received Middle East and Africa Airline of the Year award in 2017 by Airline Economics.
Ethiopian is a multi-award winning carrier crowned with Four Star certification by SKYTRAX last year, Airline of the Year awards by AFRAA as well as multiple accolades for its outstanding passenger and cargo transport services.
