Ethiopian News

  • Spanish, Indian sign road construction deal in Ethiopia

    (by Andegna Tube) The Ethiopian Roads Authority (ERA) has signed “design-build and maintain” road project contract worth over 5.7 billion Birr on Friday with two Indian and one Spanish construction companies. The construction consisting three projects that the Indian, IL and FS Transportation Networks Limited and JMC Project as well as Spanish’s Elsamex S.A will take the responsibility of construction on the three lots. 

    Elsamex S.A, IL and FS Transportation Networks Limited will join hands on the construction of two lots, which are, the 86.1km Nekemt-Anger-Gutin-Andobe road, and the 84.5 Agamsa-Bure asphalt roads. The two lots will cost 1.9 Billion Birr and two billion Birr, respectively. JMC Projects, will also operate on the construction of 87.6km long Andobe-Agamsa road at a cost of 1.8 billion Birr. 

    Nekemt to Bure road project an upgrade of the 257.2km road, which is going to be constructed between Amhara and Oromia regions on three different lots with a cost of over 5.7 billion Birr.

    The road project budget has been secured from the World Bank loan. The companies will complete the design and construction of the road projects within three years period and will also take management responsibility for five years. (Andegna Tube)

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  • New report ranks Ethiopia world’s 115th happiest country

    (by Andegna.com) New happiness report ranked Ethiopia 115th happiest nation from the total of 157 countries in the world reviewed by the report. 

    The UN-sanctioned World Happiness Report 2016 released in Rome on Wednesday ahead of March 20, World Happiness Day, placed Ethiopia top 15 among African countries, taking Ethiopia one stage upper to South Africa 116th.  

    The report ranks the countries on a variety of factors to happiness such as people's health and access to medical care, family relations, job security and social factors, including political freedom and degree of government corruption.

    The World Happiness Report 2016 placed many African countries at the bottom, 8 out of 10. Burundi bottoms the world unhappiest countries, while Denmark, with a population of 5.6 million, has topped the list twice since the report started measuring happiness around the world in 2012.

    The top ten happiest nations, according to the report, following Denmark are Switzerland, Iceland, Norway, Finland, Canada, Netherlands, New Zealand, Australia and Sweden.

    The World Happiness Report is written by a group of independent experts acting in their personal capacities sanctioned by the United Nations. (Andegna.com).

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  • Gov't puts four public companies for tender

    (by Andegna.com) A new privatization tender expected to open on Monday puts four public run companies for tender as part of the newly structured Ministry of Public Enterprises plan to sell ten public companies this Ethiopian year.

    The companies that the Ministry put for tender include the  monopolistic owned tobaccocompany called National Tobacco Enterprise S.C., Ethiopian Crown Cork and Can Manufacturing S.C, Bahir Dar Textile S.C. and Kombolcha Textile S.C. 

    Accordingly, government plans to sell 25 percent of its share on Ethiopian Crown Cork and Can Manufacturing S.C and 60 percent on National Tobacco Enterprise S.C. 

    over the course, the Ministry also want the private sector to have total acquisition of all four public enterprises

    Government has restructured Privatization and Public Enterprises Supervising Agency (PPESA) into a Ministry office, last year.

    Since its establishment after EPRDF introduced a privatization scheme, in 1995, over 270 state owned enterprises have been transferred to the private sector.   

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