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Ethiopia’s Booming Hotel Industry

AFRICANGLOBE – So many foreigners are coming now and more and more are not Ethiopian Diaspora, says Dawit, a local Ethiopian tourist operator. A sense of change has descended upon the country. Gone are filmmakers for aid videos on famine. Rather conference facilities and lobbies bustle with the growing presence of investors and government officials.

May 17, 2013No CommentRead More

Ethiopia Celebrates Return of its Iconic Fossil – Dinknesh

May 16, 2013 1 Comment

AFRICANGLOBE – Welcome home Dinknesh banners adorned Ethiopia’s National Museum in Addis Ababa where residents, bus loads of schoolchildren and curious foreign tourists waited to catch a glimpse of a 3.2-million-year-old celebrity skeleton.

World Bank, AFDB to Fund $1.26 Billion Ethiopia-Kenya Power Line

May 12, 2013 2 Comments

AFRICANGLOBE – The World Bank and African Development Bank will provide 80 percent of the funds needed for a $1.26 billion line that will take power to Kenya from Ethiopia.

Ethiopia’s Journey From Poverty to Prosperity

May 10, 2013 2 Comments

AFRICANGLOBE – Ethiopia’s economic growth has been impressive. In the last decade or so, Ethiopia’s growth has been among the strongest in the world, partially due to better policies, increased productivity and an increase of Foreign Direct Investment

Ethiopia On Negotiation With BRICS Members On Railway Projects

May 4, 2013 No Comment

AFRICANGLOBE – General Manager of the Ethiopian Railways Corporation, Dr. Getachew Betru, said Ethiopia is negotiating with Brazil, Russia and India for a financial arrangement for its railway projects.

Chinese Firm Steps Up Investment In Ethiopia With ‘Shoe City’

April 30, 2013 1 Comment

AFRICANGLOBE – Huajian’s vision to turn Ethiopia into the shoe manufacturing capital of the world is rapidly becoming a reality. Huajian plans to build a “shoe city”, providing accommodation for up to 200,000 workers and factory space for other producers of footwear, handbags and accessories.

Ethiopia Secures Funding for $1 Billion Hydropower Line

April 28, 2013 6 Comments

AFRICANGLOBE – Ethiopia will receive funds from China for a transmission line valued at $1 billion that will bring electricity from a hydropower plant to the capital, Addis Ababa according to a government official.

Ethiopia to Spend U.S.$250 Million for New ICT Park

April 16, 2013 No Comment

AFRICANGLOBE – In three years time, Ethiopia will boast of an expansive knowledge facility, ‘The Ethio ICT Park, costing just over $250 million. More than 12 local and international companies have already booked space.