Ethiopia’s first natural gas development project in the Ogaden basin, Somali Regional State, is delayed due to various reasons including complex negotiations with the Djiboutian government on gas pipeline construction to the port of Djibouti.
The fate of four factories unknown
Four state-owned fertilizer blending factories which were built at a total cost of 140 million birr a couple of years ago have ceased operation after government’s sudden shift to import blended fertilizers from the international market, The Reporter has learnt.
Once again the Ethiopian Sugar Corporation (ESC) has found itself in a middle of a controversy as sugar export worth USD 2.2 million, destined to Kenya, was stuck at Ethio-Kenya border after the Corporation lost contact with the purchasing company.
As part of its increased engagement with the private sector in Ethiopia, the European Investment Bank (EIB) board of directors yesterday approved a USD 10 million loan to an Ethiopia-based private company, Cepheus Growth Capital Fund, Christopher Litt, EIB representative to Ethiopia and the African Union, told The Reporter.
In a bid to implement the newly introduced mobile devices registration system, Ethio telecom instructed local mobile assembles as well as importers to submit the necessary documents which will indicate the amount of mobile devices in the country, The Reporter learnt.
Ethiopia’s experimentation with developmental state model has been under the spotlight for more than a decade now. Over the years, debates have moved from delivering the needed development outcomes to that of sustainability; especially in terms of financing.