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Tourist zone

The Chinese giant Maxtor International Financial Services Group on Wednesday inked a memorandum of understanding with the Amhara Regional State that would enable the former to build a Special Economic Zone in Bahr Dar.

Oromia gripped by another round of strike

US, Canada issue travel warning

Not long after the 10-month state of emergency (SoE) was lifted by the House of People’s Representatives (HPR), stay home strike and isolated incidents of unrest has flared up in several parts of Oromia this week, resulting in business boycotting, road blockage and attacks on vehicles that refused to cease operation.

Addisu Arega, head of communications with the regional government, confirmed to The Reporter that several vehicles have been damaged by the unrest in various localities of the regional state.

New gold mines to resurrect deteriorating export

Ministry to tackle illicit gold trade

Three foreign and local mining firms are developing large scale gold mines in different parts of the country which are expected to revive the declining foreign currency earnings from gold minerals export.

The Minister of Mines, Petroleum and Natural gas, Motuma Mekassa, told The Reporter that a giant American gold mining company, Newmont, is developing a large scale gold  mine in Tigray Regional State. “Newmont, one of the leading gold mining firms in the world, is doing a great work in Tigrai,” Motuma said. 

Sekota secures large scale mining license

Mining sector to support transition to industrialization

The Ministry of Mines, Petroleum and Natural Gas (MMPNG) and the Italy-Chinese Joint Venture Company, Sekota Mining, on Thursday signed a large scale mining agreement that would enable the company to develop the first iron ore mine in Ethiopia.

Ethiopian diaspora remits USD 4 bln

- Most use informal channels Dispersed far and wide, members of the Ethiopian diaspora have sent in USD four billion last year via formal channels, a report indicated. Overall, they are expected to send USD 4.6 billion to the country by the end of this year, according to the same study.

Ambo, Coca-Cola rumored merger backfires

The Administrative Tribunal of the Consumer Protection & Trade Practice Authority dropped a defense statement presented by Ambo Mineral Waters Plc and East African Bottling SC in the case involving the merger of the two companies which was said to be unlawful and against the principle of fair-trade practice and causes damage to consumer’s interest.

ETO goes to the cloud

As the Ministry of Tourism proudly states that 900,000 tourists visited the country last year, achieving target by 88 percent, the Ethiopian Tourism Organization (ETO) announced a new partnership with Walya Technologies for the exclusive use of Microsoft services, this week. This is to help transform the way the government agency markets the country to potential tourists and communicates with its employees and partners. The new partnership is also expected to push the agency go entirely paperless and be supported by modern technology.

360 DEGREE

There is a new restaurant in town. It is one that offers a rare glimpse of the entirety of Addis Ababa revolving around 360 degrees in less than an hour.