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02 Sept 2014 Economic News

    Chinese Company Decides to Build Textile Factory with Over 500 Million USD . A Chinese delegation disclosed here that it has finalized pre-investment assessment to build a huge textile factory with over 500 million USD. President Mulatu Teshome held talks on September 2, 2014 with a four-person Chinese business delegation led by Kong […]

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Land Grabs Or Agricultural Development

“Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realise that we cannot eat paper” Wolf Robe VENTURES AFRICA – When I was a kid, my grandfather always told me, “Always know your reality”. So my question around this train of thought […]

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Sugar-powered biobattery has 10 times the energy storage of lithium: Your smartphone might soon run on enzymes

  By Sebastian Anthony As you probably know, from sucking down cans of Coke and masticating on candy, sugar — glucose, fructose, sucrose, dextrose — is an excellent source of energy. Biologically speaking, sugar molecules are energy-dense, easy to transport, and cheap to digest. There is a reason why almost every living cell on Earth […]

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31 August 2014 Development News (UPDATED)

 Agriculture improvement summit in Ethiopia starts on Monday It is the effort of African governments to energise the continent’s important but neglected agriculture sector, different players in the sector are meeting in Ethiopia to deliberate  how food production can be enhanced to feed the growing population in Africa. The African Green Revolution Forum (AGRF) is […]

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28 August 2014 News Round-Up

Ethiopia ready to join COMESA free market area . The government of Ethiopia has finalized preparations to join the Eastern and Southern African Common Market (COMESA) free market area, the Ministry of Trade said. Trade Relations and Negotiation Director-General at the Ministry Geremew Ayalew told ENA that the country has been searching for markets for […]

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27 August 2014 Business News Briefs

In search for power, Ethiopia turns to growing sugar . Author: E.G. Woldegebriel An irrigation system showers a sugarcane field with water at the Kuraz sugar project in southern Ethiopia . ADDIS ABABA, Ethiopia (Thomson Reuters Foundation) – Eating and drinking in Ethiopia involves a lot of sugar, from the quintessentially Ethiopian buna (coffee) ceremony […]

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Ethiopia’s promise buried in web of State regulations

By Toddy Thairu Posted  Sunday, August 24   2014 Ethiopia is fast becoming the preferred destination for foreign investors coming into sub-Saharan Africa, according to the World Bank. Ethiopia’s attractiveness is driven by a high rate of economic growth now standing at a 10-year average of 10.6 per cent compared to 4.6 per cent average for sub-Saharan […]

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24 August 2914 News Round-Up

  Sergey Lavrov to visit Ethiopia . The Russian foreign minister, Sergey Lavrov, is scheduled to visit Ethiopia next month, The Reporter has learnt. According to sources, Lavrov will come to Addis Ababa for a two-day official visit at the end of September. Sources said that the foreign minister will be accompanied by a large […]

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The coming of the multinationals

By Asrat Seyoum and Wudineh Zenebe New foreign policy direction has been in the works in Ethiopia during the past few years. It is a slow evolution to the so-called ‘economic diplomacy’ and by now, the focus of the Ethiopian diplomatic mission abroad is one matter and one matter alone: attracting investment. The very concept […]

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Is soil the new oil in Africa’s quest for sustainable development?

Africa is enormously rich in minerals and oil. The continent has 10 percent of known global oil reserves, and more is likely to be discovered. In just the last six years, new major sources of oil, gas and minerals have been located in Guinea, Kenya, Mozambique, Niger, Tanzania and Uganda. African oil production is expected […]

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