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ETC, ZTE strike $1.5 bln loan
By Groum Abate
The Ethiopian Telecommunications Corporation (ETC), has signed a 1.5 billion dollar loan with the Chinese ZTE for the upgrading of its telephone network.
ETC in September 2006, signed a memorandum of understanding (MoU) with three Chinese telecom companies; ZTE Corporation, Huawei Technologies Co and Chinese International Telecommunication Construction Corporation (CITCC), to undertake expansion projects worth 1.5 billion dollars, effective for four years.
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PPESA seeks partner for palm oil project
By Andualem Sisay
The Privatization and Public Enterprises Supervising Agency PPESA, is looking for a partner for its palm oil project which is to cost an estimated 299mln birr.
The objective of the project includes edible-oil production for domestic consumption and substitutes of edible and non-edible oils and fats. In addition, the project also intends to produce raw materials for local industries, increase the export of oil seeds and opportunities for the transfer of technology to suitable areas.
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Ethiopia keeps booming By our staff reporter No oil, no precious minerals are driving Ethiopia's economic growth forwards by two digits each year. Hard work, economic reform and investments in its people and infrastructure are showing results to lift one of the world's poorest nations up to new heights.
Ethiopia, with a population of 75 million, is the second most populous country in sub-Saharan Africa. One of the world's oldest continuous civilizations, Ethiopia is also one of the world's poorest. At US$ 130, Ethiopia's per capita GDP is only about a fifth of the sub-Sahara African average, according to the World Bank.
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Entreprenuer Profile is Capital’s youngest page and is already eliciting warm reviews. We have received dozens of e-mails, scores of letters and a clamor of phone calls of appreciation, suggestions and ideas which will all contribute for a better Entrepreneur Profile strengthened by your continued participation. MORE
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Introducing Addis Ababa University’s Oldest Building |
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Professor Richard Pankhurst is the son of Miss Sylvia Pankhurst, the great British suffragette and advocate of Ethiopia during and after Fascist Italy's occupation of Ethiopia. Professor Pankhurst taught for many years at Addis Ababa University and has written widely on Ethiopian history and culture. He is also the founder of Addis Ababa University's Institute of Ethiopian Studies and a founding member of the Axum Obelisk Return Committee and the Association for the Return of the MaqdalaEthiopian Treasures (AFROMET)
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