ሐምሌ 21, 2006 ዓ.ም.

Sudanese journalists paid a visit to GERD

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altA high level Sudanese writers, journalists and thinkers paid a official visit to Great Ethiopian Renaissance Dam. It is a diplomatic approach between Ethiopia and Sudan’s strategic sign to consolidate practical cooperation to minimize regional security and border tension. A group of Sudanese journalists are visiting major development works in Ethiopia including the Grand Ethiopian Renaissance Dam (GERD), the light railway and housing projects in Addis Ababa. The group which includes 32 journalists was briefed

Kuraz project undertakes sugarcane cultivation on over 5,000 hct land

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altOmo Kuraz sugar development project said it has carried out sugarcane cultivation on 5,100 hectares of land. Omo Kuraz is a huge project which comprises five sugar factories. It will have a total area of 175,000 hectares of land for its sugarcane cultivation. “Out of the total area, sugarcane cultivation was carried out on 5,100 hectares of land,” representative of the project’s farming department deputy manager, Abebe Asefa told WIC. According to Abebe, the plantation activities have created job

First East African Commodity Exchange launched

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altIn a session held during the 6th Northern Corridor Summit, the East African Commodity Exchange (EAX) is launched. President Uhuru Kenyatta ushered the launch of the East Africa Commodity Exchange by ringing a bell signaling the formal launch of the Exchange. EAX is a subsidiary of Africa Exchange Holdings, Ltd. (AFEX), which is comprised of Heirs Holdings, Berggruen Holdings, and 50 Ventures, and is financially supported through private investment from AFEX and Ngali Holdings, a local investment company in

Ethiopia says expanding zones to become industrial hub

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altEthiopia will start setting up a new industrial park in September and will expand another at a total cost of $250 million, an official said, part of efforts to shift away from farming and become a hub for textiles and other industries. The Horn of Africa nation aims to attract investors who are moving some manufacturing from China and other Asian markets, where costs are rising. Ethiopia offers cheap labor and fast improving power supply, transport and other infrastructure. Luring new industry is

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