Business Related Press Release:
Terra Global Energy Developers, LLC (Terra), the first US wind energy developer to enter Ethiopia’s growing wind energy sector, today announced the launch of a 400 MW wind energy project in Debre Birhan, Ethiopia. Located approximately 75 miles north of the capital Addis Ababa, the project is being developed on a build and transfer basis for the Ethiopian Electric Power Corporation (EEPCo), the national utility. Construction of the project is planned to begin in 2014. “We are very pleased to have launched this project for the Ethiopian Electric Power Corporation, especially as the first US developer to enter Ethiopia’s growing wind sector,” said Dereje Abebe, CEO of Terra. “The Debre Birhan Wind Project will create jobs, increase electrification, and help power economic growth with clean and sustainable wind energy. Ethiopia has the wind and hydro resources to become Africa’s ‘powerhouse’ for renewable …Ethiopian Flower Export Sore on Valentine’s Day
In about a decade the Ethiopian flower industry has grown to become a major player in the international market. The Ethiopian flower industry has blossomed again on this years Valentine's Day.
Zelalem Messele, chairman of EHPEA, the Ethiopian Horticulture Producer Exporters Association intone the importance of Valentine's Day for the Ethiopian flower industry, "It's one of the holidays the flower industry flourishes. And the production goes up by 30 to 40 percent and so the demand,”.
About three quarter of the country's flowers are destined to the European market. Ethiopian flower exports have been growing, in 2012 it was valued at more than $210 million. This year, the amount is expected to be more than double of the previous year.
More than half of the 90 Ethiopian flower farms are owned by foreign investors. The Ethiopian flower industry is growing at a staggering rate. Incentives in the form of tax break and loan availabili…
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Habesha Construction Selects Contractor for 10 Storey Center
Habesha Construction and Materials Development, Ethiopia has selected Rama Construction plc to construct the 10 storey shopping center it proposes to build at a cost of 233 million birr. Rama will handle only the structural aspects of the proposed project at an estimated cost of more than 123 million birr according to the agreement signed between the two companies yesterday.
Rama will be expected to complete the structural work in 18 months from the time of the agreement.
The center to be named the Tigat Shopping Center will be constructed on 2,100 meter squares of land to be found on Haile Gebreselassie Street. It will be a mixed-use building to host offices, shops and a ninety bedroom four star hotel. The center is owned by the Tigat group of shareholders made up of shop owners in the proposed building site who elected to come together for this project to meet the building requirements of the area according to the cit…Ethiopia to Start Trademark Re-registration
The Ethiopian Intellectual Property Office is to launch the process to re-register trademarks in the coming month it announced. The proclamation that authorizes the office to take this step was endorsed seven years ago.
The Ethiopian Intellectual Property Office issued 1500 separate patents and creative rights ownership certificates in the last fiscal year. The office granted certificates after careful evaluation and all due consideration to ensure the originality of the creation both at home and internationally said Awkoke Shiferaw, Head of Communication Service with the office. The office also took steps to publicize the ownership claim to public to entertain any counter claims to the creative rights of the creations before issuing final certification said Awkoke. The office has thus been able to certify 45 owners who managed to fulfill all the criteria established…Ethiopian Capital to Get New Traffic Lights
Addis Ababa is to get new technology that will improve the efficiency of the traffic system so as to alleviate problems related to traffic congestion.
The Addis Ababa City Roads Authority is in the process of finding vendors for traffic lights to be installed at fourteen junctions across the city. The authority announced the tender for interested suppliers 2 months ago at which time ten companies purchased bid documents. Two potential vendors submitted offers to the authority according to an anonymous source.
The authority has budget of 30 million birr to install the traffic light system according to Engineer Elisabeth Tesfaye who is a member of the committee evaluating the proposals. It is to be remembered that the original idea for upgrading the traffic light system was proposed in the aftermath of a visit made to Durban by Kassahun Hailemariam, Federal Transport Authority, Director General, and Fekade Haile General M…Ethiopia Telecom to Replace Nokia Network
Ethio-Telecom is to replace the Nokia mobile network coverage in Addis Ababa over the next five months according to officials with the telecom provider.
The areas in which the telecom network will be replaced include Ascot, Alem Bank, Akaki, Kolfe Keranio, Hanamariam, Jomo, Lebu and Mekanisa.
It is expected that complete coverage of the mobile tel-communications network in Addis Ababa will be handled either by ZTE or Huawei. The networks set up by Nokia are more than a decade old and are outdated which is why it is necessary to upgrade them said Abdurahim Ahmed, Head of Public Relations with Ethio-telecom.It is likely that the network will be replaced by ZTE according to an anonymous source close to the issue although ethio-telecom is yet to officially announce its decision.
This effort is part of the larger bid to double the number of mobile subscribers from the current 20 million to 40 million s…
Farida Group Establishes a Tannery in Ethiopia
Farida Group Establishes a Tannery in Ethiopia
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The Farida Group based in Chennai, India has launched a tannery in Ethiopia. The tannery is intended to target the export market including to India.
The new tannery commissioned at the end of the last year is expected to have the potential capacity to manufacture an estimated 800,000 sq. ft of leather, said Rafeeque Ahmed, Chairman, Farida Group.
The factory was launched through Farida’s international subsidiary in Singapore. The plant will supply finished leather to the international markets as well as catering to the leather requirements of the Farida group according to Ahmed. The Farida Group is among the largest exporters of footwear and makes leather footwear for leading international brands.It currently has multiple leather footwear production units and tanneries in Tamil Nadu. The total footwear production capacity is over 22,000 pa…
Solar Panel Start Assembling in Ethiopia
The Ethiopian Metal and Engineering Corporation and SKY Energy International have manufactured the first solar panel in Ethiopia.
The solar panel was manufactured by the assembly line commissioned in April of last year as a joint venture between the Ethiopian Metal and Engineering Corporation and SKY Energy International.
The turnkey assembly line was fully installed in December and the first efforts to laminate, test and produce solar panel were launched by engineers at this time.The logistics of the different materials used in the manufacturing process as well as the purchase of raw materials for the factory was handled by SKY Energy International. Ethiopian personnel for the factory were trained in the United States.
It is expected that the final stage of the training will be given to the personnel this coming February.
Source:www.pv-tech.org
Ethiopian Business Directory : Are you listed?
Are you reaching Ethiopians globally?
Ethiopian Business owners and service provider now have a chance to advertise themselves for free and reach Ethiopian from all over the world. Habeshalink.com offers all business owners to add their listings on the fast growing Ethiopian Business Directory website.
If you own Restaurant , Market, Car dealer or Hair salon if you offer services like Lawyer , Real estate, or Insurance you can easily log in and add your listing with all information and images you would like to add.
If you prefer to just email your information to us we will gladly post it for you. use the Contact us page to send your information such as Name, phone number, address, a brief description of your business or service.
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Ezana Mining to build $17.8 million Gold Plant
Ezana Mining Development plc is to build a 17.8 million US dollar gold plant in Tigray Region of Ethiopia. The new mine is expected to contribute to increasing the national revenue from the export of minerals. The mining development awarded the turnkey contract for the project Manhattan Corporation.
The South African mining services provider will build a carbon-in-leach (CIL) gold plant in Northern Tigray. Ezana selected the contractor from four international companies who had responded to the tender it put out. According to the agreement signed between Ezana and the contractor its tasks will include design engineering, procurement, shipment, construction, installation, implementation and after-sales skills development.
It is to be remembered that the mining development company signed an agreement with the Ethiopian Ministry of Mines earlier this month. The agreement was signed between Sinkenesh Ejigu, Minister for Mines and Ataklit Araya, General Manager of the…
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