An Ethiopian entrepreneur residing in Holland is to establish personal computer (PC) assembly in Gonder City, Amhara State at a cost of 10 million Birr.
The investor, Dr. Yemane Kokebie said the assembly, which is established on the premise of the ‘Polytechnic University’, will begin production as of the second half of the coming fiscal year.
Students of the university will be assembling PC parts coming from Holland and USA, he said, the assembly will also provide maintenance services besides selling PCs and accessories to customers.
The establishment of the assembly will help to make the city become model centre of information technology in Ethiopia besides creating jobs to 150 persons, he said.
According to the owner, the assembly will reduce price of a PC in the city to some 4,000 Birr, which stands about 10,000 Birr presently.
The assembly has also plans to interconnect Mayor’s Office with sectoral offices through local area network and to computerize public services in the city.
The owner said the assembly will be working closely with a Holland-based university to establish technological research institute in the city and expand IT services in the country.
A batch of 16 students who happened to be the first degree students to train in nursing free of charge on Wednesday received their degree from the first privately owned Nursing College.
The graduated students were the seventh batch to SalaM Nurse College but first to be awarded with B.Sc degree in General Nursing Science.
"You are our first degree graduate students in this smaller group", said Bayech Tsegaye, College Dean while congratulating the team.
The dean said the students underwent a four-year training equipped with latest international standard knowledge, skills and values necessary to render quality health services to the society.
Established by the famed business tycoon Sheik Mohammed Hussin Al-Amoudi in 1998, under SalaM Health Care Plc, the college had graduated 277 nurses at a diploma level free of charge.
The pattern of genetic mutations offers evidence that an ancient band of explorers left what is now Ethiopia and went on to colonize most of the world.
Washington Post: New research further shows that genetic diversity declines steadily the farther one's ancestors traveled from Addis Ababa, Ethiopia, which is roughly the site of the exit turnstile for the "out-of-Africa" migration.
(LONDON) — BDFC Ethiopia, subsidiary of B&D Food Corp. (BDFC), has secured 10 hectares of land to build a coffee factory, company officials said Friday.
Located in Burayu, 25 kilometers from the capital Addis-Ababa, the plant will be capable of sorting green coffee beans, roasting and producing freeze-dried instant coffee.
The project is expected to be completed in time for the initial 2010 harvest from the company’s planned 5,000 hectare coffee plantation in the Jimma region. Currently the plantation land is being cleaned and surveyed.
MICROFINANCE EVENT: The Consultative Group to Assist the Poor (CGAP) and the Microfinance Management Institute (MFMI) to Hold Funder Training Course in Addis Ababa, Ethiopia
United Arab Emirates (UAE) investors, who signed an agreement with Oromia State administration to establish a tourist city with 13 billion birr capital, have been making preparations to launch construction, State investment commission said.
Commissioner Alemu Semi told ENA on Wednesday that Enjaz Business Group of Emirates Company signed the agreement with the administration last year to establish the city around Abayata and Shala Lakes of West Arssi Zone.
According to the agreement, the investors received 38,000 hectares of land to construct the city.
Currently, a master plan is being prepared for the city, Alemu said, adding, soil research and selection of sites was carried out to launch construction.
The investors received additional 40,000 hectares of land to establish a factory meant for manufacturing prefab. The factory will be erected on the coming May, he added.
The modern city, which will have residential units, schools, sports fields, recreational and business centers, health institutions and a modern airport, among others, will radically augment the nation’s tourism industry.
The Ministry of Trade and Industry said investors with a combined capital of over 33 billion Birr (~ $3.5 Billion USD) have received licenses to engage in cement manufacturing in Ethiopia.
The factories are believed to produce 767,000 tons of cement until the end of the current Ethiopian budget year.
The current supply of cement is not satisfactory as compared to the present demand for cement in the country.
There are plans to increase the annual cement production capacity to 4.7 million tones from the current 1.6 million tones at the end of the five-year program.
Accordingly, the government has made the sector open and conducive to private investors, with a view to achieving the plan.
The country would be able to produce up to 10 million tones of cement per annum when all the projects fully go operational.
In the meantime, the government is offering several incentives to enable investors import cement with a view to meeting the present demand for cement in the country.
Accordingly, some 8.6 million quintiles of cement is being imported annually.
Cement is imported through Franco Valuta and free of Value-Added Tax and surtax.
MIDROC-Ethiopia announces plan to tap over 70 tons of gold valued at 1.6 billion USD until 2020, its Chief Executive Officer said.
In a press statement he gave in Addis Ababa on Tuesday February 05, 2008, Dr. Arega Yirdaw said his company would produce the stated volume of gold from four gold mining sites localities, including Legedenbi.
MIDROC Ethiopia has been producing about 3.5 tons of gold annually on average until recently from an area called Legedenbi, he said.
He further said the company planned to increase its gold production after the discovery of gold reserve in other areas that would enable it to tap a volume ranging from 4.76 tons to 6.52 tons annually.
MIDROC Ethiopia is committed to achieve its goal under its theme "Vision 2020", Dr. Arega said.
He said the company has purchased 20 million USD well drilling machine and a loader with an intention of building its capacity.
MIDROC Ethiopia bought the Legedenbi Gold Mining Site with 172 million USD from the government in 1997.
Five senior executives from the National Bank of Ethiopia (NBE) and three chemists from the Ethiopian Geological Survey were arrested last week for their alleged involvement in a gold fraud scandal.
The NBE, which exports gold, reportedly bought 300 kilograms of fake gold from a trader. The Ethiopian Geological Survey inspects any gold the NBE buys and offers quality assurance, but an official from the survey said the trader replaced real gold with the fake gold after he had received certification.
The investigation is ongoing, and the Ethiopian federal police said they will disclose more details when it is complete.
A ground breaking ceremony was held on Saturday for a 1.5 billion Birr five star hotel due to be constructed adjacent to the African Union Commission (AUC) headquarter in Addis Ababa, Ethiopia.
The Ethiopian government earlier granted 120,000 square meters of land to the AU for the construction of buildings of various facilities and future expansion of the AUC.
Some 25,000 square meters of this land is allocated for the construction of the top of the range 5 star hotel.
The hotel, whose construction is expected to be finalized by the year 2010, will cater for the ever-increasing conference clientèle as well as for Heads of State and Government.
The Simien Mountains are a quite remote and scenically stunning national park in Northern Ethiopia. They are home to good numbers of Gelada Baboons, a few Ethiopian Wolves and the world''s last few hundred Walia Ibex.
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