The completion of the Addis Ababa-Djibouti Railway, a new 752-km track linking Ethiopia's capital with the Port of Djibouti, was officially marked at a ceremony at Nagad Railway Station in Djibouti.
Ethiopia's parliament on Tuesday approved three loan agreements worth over US$380 million made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia.
Foreign investor confidence in Ethiopia has been shaken following nearly a year of unrest, with the country’s government now admitting that as many as 500 people have died as a result of police crackdowns and a deadly stampede at a recent rally in the country’s Oromia region.
Aliko Dangote’s cement factory has been attacked by protesters in Ethiopia's Oromia region, the regional government has said in a statement.
PPC Ltd. (PPC) has a shortlist of six candidates to succeed Ketso Gordhan as CEO and plans to make an appointment if shareholders vote to retain the board, Chairman Bheki Sibiya said.
PPC says it has bought the Industrial Development Corporation’s 20% stake in Ethiopia-based Habesha Cement Share Company for $13m, raising its share from 27% to 51%.